Friday, November 22, 2024 has been recorded in history. Because something happened on this day, which was recorded in the pages of history. Pakistan Stock Exchange (PSX) continued its upward trend on Friday and achieved a historic feat, as the KSE-100 index recorded a gain of 1,762.80 points or 1.81%. At the same time, during the day's trading, the index reached an all-time high of 99,091.19 points for the first time. Earlier, the market had made an all-time high of 97,328.39 points.

What is the real reason for breaking the record- AKD Securities research analyst Awais Ashraf told Pakistan's well-known newspaper Dawn

that the reduction in political risk and softening of interest rates have attracted investors. FIIs i.e. foreign institutional investors have bought. He said that the market is currently trading at an attractive P/E of 4.7x, which suggests that if it returns to its 10-year average of 7.2x, it can rise by 55 percent from here. (Chinese Stocks Crash: China's stock market suddenly crashes - 3% down, is it good news for India?) Chase Securities Director Yusuf M. Farooq said that there have been reports of the Army Chief's discussion with market leaders. This is expected. Political stability may come. That is why the boom has returned to the market. Yusuf M. Farooq says that if the political risk is reduced, the stock market will continue to touch new heights. In such a situation, the advice for small investors is that they should buy shares in small amounts every month for the long term. Sana Taufik, Research Head of Arif Habib Limited, has cited positive macroeconomic signs as the reason for the rise. Inflation is expected to be between 4.5 percent and 5 percent in November - this is the lowest level which was last seen in April 2018 when it was around 3.96 percent. For this reason, mutual funds are continuously buying. However, some experts are still warning that the major risks include "political instability, business economic shocks, excessive government spending and deteriorating current account situation".