The Pakistan Stock Exchange (PSX) opened the week with a surge, driving the KSE-100 index to an all-time high of 118,735.09 points during intra-day trading. However, the market witnessed a pullback, dipping to 116,300.17 points later in the session. By midday, the index stood at 116,745.03 points, reflecting a 0.76% decline for the day.
Despite the slight pullback, trading remained robust, with 134.7 million shares exchanged, resulting in a turnover of PKR 9.74 billion. The previous close was at 117,586.98 points, showing a modest dip in the otherwise bullish trend that began the week.
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Last week, the PSX saw remarkable gains, with the KSE-100 index recording a 5.6% week-on-week increase, reaching 117,587 points. The positive sentiment was driven by favorable macroeconomic indicators, including a drop in inflation to 4.1%, the lowest in over six years. Key sectors such as banking, fertilizers, and exploration & production played a significant role in driving the market upwards.
Though concerns over the rising trade deficit and tax shortfall lingered, investor confidence was boosted by the launch of the “Uraan Pakistan” five-year economic plan. Analysts predict continued market growth in 2025, with expectations of the KSE-100 index reaching 160,000 points if political and economic reforms are sustained.
