Robust economic outlook thrusts PSX to new record high

Two investors were seen discussing the stock market at the Pakistan Stock Exchange, which achieved its highest close yet after briefly surpassing the 90,000-point resistance level. This was driven by positive economic indicators and expectations of a significant interest rate cut by the central bank at its upcoming meeting. The market’s momentum is positive, with improving economic indicators and expectations of further rate cuts. The shift towards equities due to low returns in fixed-income investments is driving value buying in the market. The rally is attributed to institutional buying, good corporate results, and strong expectations of a rate cut.