PSX climbs to a new record as the week begins, supported by robust corporate results and optimism over circular debt reforms. Investors showed strong buying interest, helping the Pakistan Stock Exchange start Monday on a positive note.
The benchmark KSE-100 Index rose 1,234.69 points, or 0.85%, to 146,617.48 from the previous close of 145,382.79. Earlier, the index touched a low of 145,258.49 points, reflecting a brief dip of 0.09%.
Analysts say the rally is being driven by improving sentiment, healthy liquidity, and positive earnings reports. “Stellar corporate results and optimism about circular debt payments continue to lift the market,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities.
Macroeconomic data remained mixed. The trade deficit for July 2025 widened 44% year-on-year to $2.8 billion due to higher imports. Remittances, however, rose 7% YoY to $3.2 billion but slipped 6% month-on-month.
The State Bank of Pakistan’s foreign exchange reserves fell by $72 million to $14.2 billion, mainly due to external debt repayments. The rupee strengthened slightly by 0.1% to close at Rs282.47 against the US dollar.
In major policy moves, the government reduced circular debt by Rs780 billion to Rs1.6 trillion and announced a five-year privatisation plan involving 24 companies. Ten entities, including Pakistan International Airlines, will be sold in the first phase.
Textile exports in July 2025 surged 33.7% year-on-year to $1.69 billion, while the SBP raised Rs386 billion in the latest T-bill auction, with yields climbing 5-30 basis points.
PSX climbs after a week of gains, during which the KSE-100 added 4,348 points, or 3.08%, closing Thursday at a record 145,647 before a minor pullback. Despite occasional profit-taking, market momentum remains strong.
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