PSX's Record-Breaking Performance and Economic Indicators

The Pakistan Stock Exchange (PSX) has witnessed a record-breaking performance, with the KSE-100 index settling above the 114,000-barrier with a return of 83% year-to-date. This milestone is a testament to the country's economic growth, with the average daily traded value reaching a record high of Rs60 billion ($218 million). The surge in economic indicators is also reflected in the increase in remittances, which have risen by 29% year-on-year to $2.9 billion. Furthermore, automobile sales have seen a rise of 52% year-on-year, indicating a boost in consumer spending. The banking sector's advance-to-deposit ratio (ADR) stands at 47.8%, while foreign buying has amounted to $40.9 million, with selling noted at $0.9 million. These indicators collectively suggest a positive trend in Pakistan's economy, with the PSX's performance being a key driver of this growth.