PSX zooms to record high on economic data, political outlook

The Pakistan Stock Exchange saw a surge in stock prices, reaching a new all-time high, driven by positive economic data and the recent passage of the 26th amendment, which eased political concerns. The market gained strength from a current account surplus and increased foreign direct investment. High-value blue chips and various sectors experienced significant buying activity during the ongoing earnings season. Investors are optimistic about economic and political stability, with expectations for further declines in inflation and interest rates. The market also reacted positively to the finance minister’s visit to the US. Despite the positive outlook, the KSE-30 has yet to outperform the high achieved on October 8. Overall, the market remains bullish with expectations for further upward movement.