The Pakistan Stock Exchange (PSX) witnessed a strong upward trend on Thursday, with the benchmark index soaring to 160,379 points after gaining 2,100 points within the first 30 minutes of trading.
Market analysts attribute the rally to renewed investor confidence in the country’s political and economic outlook. The passage of the 27th Constitutional Amendment in the National Assembly has reassured investors that the current system is functioning smoothly, reducing uncertainty in the market.
Financial expert Shahryar Butt noted that the amendment’s approval has been interpreted as a sign of continuity, which has encouraged buying activity since the start of the trading session.
Regional developments also played a role. Following a recent explosion in India, concerns briefly arose about potential escalation. However, with India refraining from directly blaming Pakistan, investors have taken a more positive view, easing fears of instability.
On the economic front, anticipation of an upcoming IMF Executive Board meeting in early December has further boosted sentiment. The meeting is expected to approve a $1.2 billion tranche for Pakistan, a development seen as critical for supporting the country’s financial position.
With political clarity, regional calm, and international financial support on the horizon, the PSX has responded with strong momentum, reflecting investor optimism about the near-term outlook.