The Pakistan Stock Exchange (PSX) has been on a steady rise in recent months as more investors flock in to take advantage of the bullish market. The index has gained more than 10 percent since the start of 2021, and is now trading at its highest level since 2013.
The recent surge in the stock market is largely attributed to the government’s decision to liberalize the foreign exchange regime. This has allowed foreign investors to take part in the local stock market and has resulted in a surge in foreign investment.
The PSX has also seen a boost from the government’s decision to allow the listing of companies from abroad. This has opened up the market to a wider range of investors and has resulted in a surge of interest in the stock market.
The stock market has also been buoyed by the government’s decision to reduce taxes for investors. This has encouraged more people to invest in the stock market and has resulted in increased liquidity in the market.
The recent rise in the stock market has also been attributed to the government’s decision to reduce its borrowing from the State Bank of Pakistan. This has allowed the government to reduce its debt burden and has resulted in more money being available to invest in the stock market.
Overall, the recent rise in the PSX is a positive development for the Pakistani economy. It is a sign that investors are willing to invest in the stock market, which is a good sign for the future of the economy. This trend is likely to continue as the government continues to implement reforms that make the stock market more attractive to investors.