The Pakistan Stock Exchange (PSX) achieved a significant milestone on Thursday as the KSE-100 Index crossed the 118,000-point mark during intra-day trading. Investor confidence drove the index to a high of 118,367.81 before it dipped slightly to 117,911.83. The day’s low was recorded at 117,065.97, but robust trading activity saw a total volume of 142.83 million shares traded, valued at Rs11.31 billion.
The KSE-100 has been on a steady rise, supported by solid corporate earnings and favorable developments in Pakistan’s economic landscape. The rally comes after the recent easing of the monetary policy, a period of political stability, and positive market sentiment around inflation and rupee stability.
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Arif Habib Corp MD, Ahsan Mehanti, attributed the market’s gains to investor optimism during the earnings season, with expectations of further reductions in the State Bank of Pakistan’s (SBP) policy rate, lower inflation, and strong economic indicators. Mehanti highlighted surging exports, an external account surplus, and rising global oil prices as key factors driving the bullish performance.
At the end of trading, the KSE-100 Index posted a gain of 1,881.18 points, or 1.63%, to settle at 117,008.08. Topline Securities reported that stocks such as Fauji Fertiliser, Lucky Cement, Hub Power, and Millat Tractors contributed significantly to the index’s gains.
The positive momentum reflects the renewed confidence in Pakistan’s economic outlook, with investors closely monitoring inflation and market trends for continued growth.
