Due to the visit of the Chinese Deputy Prime Minister, optimistic economic expectations, and foreign investors making new investments, the Pakistan Stock Exchange experienced significant growth in Karachi. The exchange witnessed a remarkable increase of 932 points, leading the 100 index to reach 48 thousand points for the first time in nearly two years, surpassing a crucial psychological level.
This milestone was last achieved in August 2021. The strengthening of the Pakistani rupee against the dollar, resolving issues with stalled import containers, and the initiation of new import LCs contributed to the revival of the industrial sector.
These positive developments halted the bearish trend in the stock exchange, with investors showing increased confidence through fresh investments. The stability of the dollar’s value further boosted investor enthusiasm. Additionally, Saudi and Gulf countries’ investment plans played a significant role in augmenting investments in the oil and gas sector.