The Pakistan Stock Exchange (PSX) witnessed bullish sentiments throughout the week ended on October 25, 2024. The benchmark KSE-100 index recorded its highest-ever closing, just shy of the 90,000 mark closing at 89,994 points, up by 5.6%WoW.
This marked the highest weekly return in 27 weeks and 47th highest weekly return since the index’s inception.
More importantly, KSE30 index also reached all-time high at 28,395 points.
The week started with positive momentum buoyed by settlement of political noise following the passage of stalled 26th Constitutional Amendment.
The optimism consolidated with swing of corporate result announcements and favorable economic developments.
According to AKD Securities,........