KARACHI: In a spurt of sharp rally at the Pakistan Stock Exchange (PSX) on Thursday, the benchmark KSE-100 index stormed past the 50,000 points level to finally settle at an all-time 50,192.36 points high.

The PSX accomplished another feat in the day when its market capitalisation hit the Rs10 trillion mark. The market is flush with liquidity which is the fuel firing up the investors’ passion for stock buying.

Investors’ interest in stocks also received a boost after they harvested a bumper reward of 46 per cent on their investment in 2016, billed as the best in Asia and fifth highest among global markets.

Regardless of heavy foreign selling of $267m worth stocks in 2016, market participants are hoping for an inflow of $400m as the PSX is upgraded to the MSCI Emerging Market status, from Frontier Market in May this year.

Published in Dawn, January 27th, 2017