The Pakistan Stock Exchange (PSX) is experiencing a significant boom, with the index reaching around 185,000, marking a 67% growth over the past year and a 2.5% increase in the last month, as reported by Tribune Latest. Analysts suggest that the price/earnings (P/E) ratio is approximately 11, indicating potential for further growth. The article notes that 'stock prices are still cheap as per international standards,' suggesting room for continued investment and profitability. This boom phase is characterized by a consensus among market participants that stock prices are undervalued, driving up prices and increasing the net worth of listed companies. This positive sentiment is further supported by banks powering the PSX rally despite market volatility, as noted by pkfinance.