The Pakistan Stock Exchange (PSX) has been on a bullish run in recent weeks, reaching new heights. The benchmark KSE-100 index has surged to an all-time high of 49,832 points, surpassing the previous peak of 48,812 points reached in May 2017.
The surge in the stock market has been driven by a number of factors, including the government’s pro-business policies, improved economic outlook, and increased investor confidence.
The government has implemented a number of reforms to encourage investment in the stock market, including reducing capital gains tax and eliminating stamp duty on share transactions. The government has also established the Pakistan Investment Board, which is tasked with creating an enabling environment for foreign investors.
The improved economic outlook has also been a major factor in the stock market’s rally. The economy is expected to grow by 5.2 percent in the fiscal year ending June 2021, according to the International Monetary Fund. This growth is being driven by increased exports and remittances, as well as increased public investment.
The increased investor confidence is also helping to fuel the stock market rally. Foreign investors have pumped in over $2.5 billion in the first three months of 2021, the highest level since 2013. This is due to the government’s pro-business policies, improved economic outlook, and increased investor confidence.
The stock market rally has been a boon for investors and the economy. It has led to increased liquidity in the market, and has provided a boost to the economy. It has also created jobs, as companies have been able to raise capital to expand their operations.
The stock market rally is also a sign of the improving business environment in Pakistan. The government’s pro-business policies, improved economic outlook, and increased investor confidence are all helping to create a more conducive environment for businesses to flourish.
The stock market rally is likely to continue in the coming months, as the government continues to implement reforms and the economic outlook remains positive. This is good news for investors and the economy, as it will help to create jobs and spur economic growth.