The Pakistan Stock Exchange in Islamabad has been experiencing record highs in recent weeks. The benchmark KSE-100 index has surged to its highest level since the start of 2019, and is now up by over 11% since the start of the year.
The stock market rally has been driven by a number of factors, including the government’s recent economic reforms, the successful launch of a new trading system, and the country’s improved macroeconomic indicators.
The government’s economic reforms have helped to improve the business environment in the country, which has been reflected in the stock market performance. The government has implemented a number of measures to reduce the cost of doing business, such as reducing the corporate tax rate and introducing tax holidays for new businesses. These measures have been welcomed by investors, and have helped to attract more foreign capital into the country.
The successful launch of a new trading system has also been a key factor in the stock market’s strong performance. The new system, which was launched in April 2019, has improved the speed and accuracy of trading, and has made it easier for investors to access the market. The system has also improved the liquidity of the market, allowing investors to buy and sell stocks more quickly.
Finally, the country’s macroeconomic indicators have also been improving. The economy is expected to grow by 4.8% this year, and inflation remains relatively low. This has helped to create a more positive outlook for the stock market, and has been reflected in the strong performance of the KSE-100 index.
Overall, the Pakistan Stock Exchange in Islamabad has been experiencing record highs in recent weeks. The government’s economic reforms, the successful launch of a new trading system, and the country’s improved macroeconomic indicators have all contributed to the strong performance of the market. With the outlook for the economy remaining positive, it is likely that the stock market will continue to experience strong gains in the coming months.