The Pakistan Stock Exchange (PSX) achieved another significant milestone as the KSE-100 index surged to a record high of 102,664.34 points, reflecting an increase of 1,307.02 points (1.29%) during intra-day trading. At one point, the index reached an intraday high of 102,737.83 points, highlighting strong upward momentum, with trading volumes reaching over 345 million shares, valued at approximately 11.38 billion PKR.
This recent surge continues a bullish trend, following a series of record-breaking performances over the past few weeks. Positive investor sentiment has been fueled by improved economic indicators, including lower inflation, reduced bond yields, and a boost in the country’s foreign currency reserves after receiving a $500 million loan from the Asian Development Bank (ADB).
Also Read: PSX Makes History as KSE-100 Index Crosses 100,000 Milestone
Earlier in the week, the PSX crossed the 100,000-point mark for the first time, largely driven by the banking sector’s performance and easing political tensions following the cancellation of PTI-led protests. Despite initial market pressure and significant selling due to political instability, a strong recovery led by institutional investors, mutual funds, and insurance companies helped the KSE-100 index rebound.
Key sectors contributing to the market’s rise included commercial banks, oil and gas, technology, and cement. Notable individual stock performers included Habib Bank Ltd, Bank AL Habib, Pakistan Petroleum, and Systems Ltd.
Analysts are optimistic that the market will continue its positive momentum in the coming weeks, supported by easing inflation expectations and further strengthening of key sectors.
