Between March 17 and March 21, 2025, the Pakistan Stock Exchange's benchmark index rose by over 4,000 points, driven by policy rate cuts and rising gold prices.
In an impressive display of investor confidence, the Pakistan Stock Exchange (PSX) witnessed a remarkable surge of over 4,000 points in its benchmark index over four consecutive days, culminating on March 21, 2025. This bullish trend was fueled by the State Bank of Pakistan's decision to reduce policy rates, making equities more attractive compared to fixed-income securities. Additionally, a significant rise in gold prices prompted investors to diversify their portfolios, channeling funds into the stock market. The convergence of these factors led to increased trading volumes and heightened market activity. Market participants noted that the positive economic indicators, including improved current account balances and a stable currency, further bolstered investor sentiment. Analysts advised caution, however, suggesting that while the rally reflects genuine optimism, investors should remain vigilant for potential market corrections.
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