The Pakistan Stock Exchange (PSX) extended its bullish run on Wednesday, as investor confidence surged following the federal budget. The benchmark KSE-100 Index climbed by 2,328.24 points during intraday trading, reaching a new all-time high before settling at a historic closing level of 124,352.68.
The index surged by 2,328.24 points, or 1.91%, to close at a record high of 124,352.68 points. During intraday trading, the index peaked at 124,588.17 points, reflecting strong investor sentiment.
Trading activity remained robust, with a volume of 332.58 million shares and a total traded value of Rs31.89 billion.
This surge follows the announcement of the federal budget, which has been well-received by investors, sparking optimism in the market.
Read: Anti-digital, pro-realty sector budget
Yesterday, Finance Minister Muhammad Aurangzeb unveiled a Rs17.6 trillion federal budget for fiscal year 2025-26, laying stress on the government's focus on economic stability and growth.
Finance Minister highlighted key economic indicators during a post-budget briefing, citing improvements in remittances, inflation, and growth.
Aurangzeb said remittances had reached $31.2 billion so far, with projections of $37–38 billion by the end of the financial year.
The country’s GDP growth stands at 2.7%, while inflation has eased to 4.7%, according to the minister.
The National Economic Council (NEC) approved Rs4.224 trillion in development spending, including Rs1 trillion for the federal Public Sector Development Programme (PSDP), Rs2.869 trillion for Provincial Annual Development Plans (ADPs), and Rs355 billion from state-owned enterprises’ own resources.
For the fiscal year 2025–26, the government projects economic growth at 4.2% and both inflation and interest rates at 7.5%.
Aurangzeb said the budget deficit is forecast at 3.9% of GDP, with a primary surplus of 2.4%.
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