The Pakistan Stock Exchange (PSX) continued its bullish streak on Thursday, with the benchmark KSE-100 index soaring past the 122,000-point mark for the first time in history during intra-day trading. The market opened at 121,886.21 and peaked at 122,281.58, before closing at its opening level.
Trading activity remained robust throughout the session, with over 82 million shares exchanged and a total transaction value exceeding Rs4.6 billion. This follows Wednesday’s historic close above 121,000 points—a milestone that had never been reached before.
Also Read: PSX Soars Above 120,000 Driven by Strong Buying Momentum
Market momentum has been fueled largely by the Asian Development Bank’s recent approval of an $800 million financial support package for Pakistan. The deal includes a $300 million policy-based loan and a $500 million program-based guarantee, significantly bolstering investor sentiment.
Ahsan Mehanti of Arif Habib Corp attributed the surge to the ADB loan approval, upcoming budgetary incentives, and broader economic optimism. He also highlighted the rupee’s recent recovery and expectations of relief for key sectors such as oil refining, agriculture, and real estate.
While India’s request led to a brief delay in the ADB’s decision, the eventual approval has restored confidence in Pakistan’s financial direction. Analysts say investor optimism could continue if key budgetary expectations are met in the coming weeks.
