The Pakistan Stock Exchange (PSX) is in the midst of a major upswing, with investors taking advantage of the opportunities available. The benchmark KSE-100 index has risen more than 10 percent since the start of the year, with the index hitting a record high of 41,000 points in April.
The surge in the stock market has been driven by a number of factors, including increased liquidity, strong corporate earnings, and improved macroeconomic fundamentals. The government has also implemented various reforms to attract foreign investment, such as reducing the corporate tax rate and introducing a new capital gains tax regime.
The surge in the stock market has been accompanied by a surge in investor confidence. According to data from the PSX, the number of active investors has risen by more than 30 percent since the start of the year. This is due in part to the availability of a wide range of investment products, such as mutual funds, exchange-traded funds, and derivatives.
The rise in the stock market has also been driven by a number of companies listing on the exchange. In the first quarter of 2021, more than 50 companies listed their shares on the exchange, with many of them raising substantial amounts of capital. This has helped to increase the liquidity of the market and has also led to a greater diversification of the investor base.
The rise in the stock market has also been supported by the government’s efforts to improve the business environment. This includes the introduction of the ‘ease of doing business’ initiative, which has helped to reduce the time and cost associated with setting up businesses.
The surge in the stock market has been beneficial for the economy as a whole. It has helped to create jobs and boost economic growth, while also providing a much-needed boost to investor confidence. The rise in the stock market has also helped to attract foreign investment, with many investors taking advantage of the opportunities available in the PSX.
Overall, the Pakistan Stock Exchange has seen a major upswing in recent months, with investors taking advantage of the opportunities available. This has been beneficial for the economy as a whole, as it has helped to create jobs and boost economic growth. The government’s efforts to improve the business environment have also been instrumental in driving the surge in the stock market.