The Pakistan Stock Exchange (PSX) continued its upward trend on Thursday, closing above the 58,000 level. The KSE-100 index saw steady gains throughout the day and closed at 58,899.84 points, up 1.2 percent from the previous close. This bullish run has been ongoing from the previous week, with the index reaching yet another all-time high. The upcoming inflow of dollars from the International Monetary Fund (IMF) and positive economic indicators are supporting this momentum. Analysts forecast a decrease in interest rates and see potential for a multi-year rally in Pakistan equities, particularly in the banking, energy, and construction sectors. Despite the surge, equity prices remain relatively low, and the market’s price-to-earnings multiples are behind regional counterparts. The declining oil prices are also expected to benefit the Pakistan economy. However, there is a potential for a minor short-term correction as the market is currently in an overbought scenario.