PSX maintains uptrend triggered by enactment of 26th amendment

Stocks in Pakistan saw gains as the government implemented a controversial amendment, easing political concerns and boosting investor confidence. The benchmark index reached a new high, driven by blue-chip companies expected to perform well in the ongoing earnings season. Various sectors experienced increased buying activity, with positive forecasts for corporate earnings. Economic and political stability, along with expectations for lower inflation and interest rates, contributed to the market’s positive momentum. Despite the rally, some caution remains as the KSE-30 index has yet to outperform previous highs. Overall, the outlook is optimistic with expectations for further upward movement in the market.