ONE HOMES LOGO BLACK cropped
  • Our Projects
  • About Us
  • Testimonials
  • Beyond
  • Careers
Schedule a Call
Schedule a Call

PSX Makes History Again: Record 80,000 Points

23 June, 2024
Table of Contents

    The Pakistan Stock Exchange (PSX) witnessed a monumental day on Friday, with its benchmark KSE-100 Index breaking the 80,000-point barrier for the first time. This surge follows a gain of over 2,000 points the previous day.  

     

    The excitement began early, with an enthusiastic buying spree pushing the index into the coveted 80,000 territory within the first hour of trading. While the index slightly receded later in the day, it still closed at a respectable 79,353, reflecting a gain of over 550 points.  

     

    Analysts attribute this remarkable rise to optimism surrounding the upcoming budget and ongoing negotiations with the International Monetary Fund (IMF).  Expectations are high that the budget will pave the way for a larger and longer IMF program, boosting investor confidence. Experts believe this positive sentiment, coupled with rising foreign investment, could propel the PSX towards the 100,000-point mark within a year.

     

    While some caution that valuations haven’t yet reached their 2017-2018 peaks when viewed in dollar terms, the current momentum is undeniable. The optimistic outlook is further fueled by a record high in worker remittances, another key indicator of Pakistan’s economic health. 

     

    The surge was accompanied by high trading activity, with Hum Network Limited, Silkbank Limited, and Habib Bank Limited leading the pack in terms of traded shares.  

     

    This historic achievement for the PSX is a welcome sign for Pakistan’s financial landscape. It reflects growing investor confidence and optimism about the country’s economic future.

    Book A Call Now

    Recent News

    Pakistan Wins Billion-Dollar Backing: Reko Diq Mine and Rail Upgrade
    Pakistan Wins Billion-Dollar Backing: Reko Diq Mine and Rail Upgrade
    26 August, 2025
    Pakistan is starting to attract the kind of investment that changes long-term trajectories. For years, the...

    Pakistan Qualifies for World Bank Education Investments in Punjab and Balochistan
    Pakistan Qualifies for World Bank Education Investments in Punjab and Balochistan
    25 August, 2025
    Pakistan stands at a defining moment. With one of the youngest populations in the world, the country’s...

    China-Pakistan Cooperation Expands: Agriculture, Mining and CPEC Upgrades Boost Investment Outlook
    China-Pakistan Cooperation Expands: Agriculture, Mining and CPEC Upgrades Boost Investment Outlook
    21 August, 2025
    China’s relationship with Pakistan has always carried weight, but this week brought a new round of...

    One Homes
    X
    PAGES
    • Insights
    • News & Media
    • Blog
    PROJECTS
      Subscribe to Newsletter

      © 2025 All rights reserved​

      SMS Privacy Policy

      •

      Privacy Policy

      •

      Cookie policy

      One Homes Logo White cropped
      • Our Projects
      • Our Partners
      • About Us
      • Testimonials
      • News & Media
      • Careers
      • Our Offices
      • Blog

      Subscribe To Newsletter

      LONDON

      HOUSTON

      DUBAI

      ISLAMABAD

      KARACHI