The Pakistan Stock Exchange (PSX) witnessed a major breakthrough on Thursday, with the benchmark index crossing the 134,000-point mark. The market opened with a gain of 348 points, continuing its recent upward trend.
According to market experts, the surge is largely driven by the ongoing result season. Investors are optimistic about strong corporate earnings, which has led to increased buying activity. This positive momentum is helping push the PSX to new heights.
One of the key drivers of this rally is United Bank Limited (UBL). The bank is expected to announce its half-yearly financial results on Friday. Analysts predict earnings of Rs13 per share and a cash dividend of Rs5.50 per share. These strong expectations have played a big role in boosting market sentiment.
Experts believe that this performance reflects growing investor trust in the market. Improved earnings forecasts and consistent financial results have encouraged fresh investments across multiple sectors. As a result, the PSX has continued to climb steadily.
The market’s recent growth also signals improving confidence in Pakistan’s economic outlook. Many investors are now looking ahead with renewed hope, supported by stable macroeconomic indicators and a robust banking sector.
Stock market analysts further noted that this bullish trend may continue in the coming weeks if companies keep reporting strong financials. However, they also advised caution, suggesting that investors should stay updated with corporate announcements and economic developments.
The PSX’s strong performance on Thursday marks another step forward for Pakistan’s financial markets. It shows that investor confidence remains high, and the market is responding positively to corporate earnings and economic signals.
In summary, the PSX has set a new record, powered by optimistic expectations and a promising start to the result season. Investors will be closely watching upcoming financial reports to see if the rally can be sustained.
Read more about how PSX hit a record high as the 100-index crossed 129,000 points in our detailed coverage
