During intra-day trading, the stock market gained nearly 2,000 points and closed at

99,623.

It shattered all the past records, surpassed previous close of more than 97,000.

Earlier, the KSE-100 index surged by 1,101 points and increased to 98,430 points soon after the opening of the market during trading.

The unprecedented surge in the stock market reflects the confidence of investors in the market. The economic experts attribute this unparallel upward trajectory to the macro-economic stability and improved economic indicators.

It shows that the investors start parking their capitals in the country.

A few days ago, International Monetary Fund (IMF)’s delegation visited Pakistan to review the performance of the economic team to achieve the economic targets, implementing reform agenda.

After concluding visit, IMF officials expressed optimism about Pakistan’s economy and hopeful of its growth ahead.

Army chief General Syed Asim Munir met businessmen in Karachi the other day on the sidelines of IDEAS 2024, assuring them of “both economic and political stability.”