The stock market reached a new peak on Wednesday, driven by positive outcomes from the Shanghai Cooperation Organisation (SCO) summit. The Pakistan Stock Exchange’s benchmark KSE-100 index surged 673 points to reach 86,513 during intraday trade.
The summit, which brought together regional leaders and marked the rare visit of Indian Foreign Minister Subrahmanyam Jaishankar to Pakistan, boosted investor confidence. Additionally, positive corporate earnings forecasts and reduced political uncertainty contributed to the bullish activity in the stock market. The meeting of the SCO, a significant Eurasian security and political group, has been a major event for Pakistan, further enhancing regional stability and economic prospects.
