KARACHI: After turning in an unprecedented bullish performance in 2024, the Pakistan Stock Exchange (PSX) began the new year with a rousing start, resuming its record-setting spree in the outgoing week amid relative political stability, improved data and the launch of an ambitious five-year economic roadmap.

Arif Habib Ltd (AHL) said the market remained jubilant with new year euphoria coming into play since the index closed at the highest-ever level of 117,587 points. The government announced a five-year economic growth plan, the Uraan Pakistan Programme, which aims to achieve sustainable development and financial stability.

The inflation hit an 80-month low of 4.1pc in December 2024. However, the National Accounts Committee (NAC) reported that economic growth in the first quarter of FY25 slowed to 0.92pc compared to 2.3pc in the same period last year due to a contraction in large-scale manufacturing. Furthermore, petroleum sales witnessed a meagre 3pc growth in December.........

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