Pakistan’s stock market reached a historic milestone on Monday as the KSE-100 index surged past 111,000 points for the first time. The index jumped by 1,284 points during intra-day trading, peaking at 111,254 points. This record-breaking rally follows several weeks of growth, driven by positive economic indicators, reduced interest rates, foreign inflows, and ongoing economic reforms that have boosted investor confidence.
On the previous trading day, the index closed at 109,970.38 points, marking a 916.44-point gain. Despite a brief dip in the morning due to concerns over the advance-to-deposit ratio (ADR) for banks, local institutional buying reversed the negative sentiment. The market rebounded, reaching an intra-day high of 110,359 points before closing.
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The surge was fueled by declining government bond yields, speculation of a larger policy rate cut by the State Bank of Pakistan (SBP), and a stabilizing rupee. Rising global crude oil prices also contributed to investor optimism. Key stocks like Mari Petroleum, Lucky Cement, Systems Limited, Engro Corporation, and The Searle Company were among the top value contributors, collectively adding 910 points to the index.
