In an impressive rally, the Pakistan Stock Exchange (PSX) hit unprecedented highs on Monday with the KSE-100 Index surging past the 91,000 mark during intra-day trading, a first in PSX history.
The benchmark index reached an intra-day peak of 91,054.84 points before closing at 90,195.51, marking a gain of 201.55 points, or 0.22%.
The session opened on a strong note driven by high-value stocks like HBL, MCB, MEBL, PPL, PSO, SNGPL, and SSGC. Although profit-taking pared some gains in the latter half of the session, the market’s closing above 90,000 signals robust investor confidence.
Market analysts attribute PSX’s recent upward trajectory to expectations of a policy rate cut by the State Bank of Pakistan (SBP), scheduled for next week.
Investors also remain optimistic following positive corporate earnings announcements and recent economic indicators that suggest a favourable business climate.
The past week saw a strong performance by PSX, with the KSE-100 Index gaining 4,743.88 points—its highest weekly gain to date.
Local investors and institutional buyers drove the aggressive buying spree that pushed the index to close at a then-record high of 89,993.97 points last Friday, narrowly missing the 90,000 psychological threshold due to late-session profit-taking.
Monday's session saw 567.26 million shares traded, down from 695.54 million in the previous session, while the value of traded shares fell to Rs29.21 billion.
Fauji Foods Ltd led trading volume with 53.65 million shares, followed by K-Electric Ltd and Sui Southern Gas. Out of 456 stocks traded, 179 recorded gains, 222 declined, and 55 remained unchanged.
Meanwhile, the Pakistani rupee saw a marginal dip against the US dollar, closing at 277.68 in the inter-bank market—a slight 0.01% decline.
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