The Pakistan Stock Exchange (PSX) broke yet another historic record on Monday, as the benchmark KSE-100 index surged past the 136,000-point mark during intra-day trading, the second milestone crossed within the same session, briefly touching 136,140.87 points.
The index rose by 1,540.11 points, or 1.15%. At the time of reporting, the current index stood at 135,839.87.
Intra-day trading saw the index peak at 136,140.87 points, surpassing the earlier record of 135,521.84 set earlier the same day. The day’s low remained at 134,937.43.
The market witnessed a sharp increase in trading volume, with 151.4 million shares exchanged, indicating heightened investor activity.
The total traded value nearly doubled to Rs12.47 billion, up from Rs6.33 billion in the earlier session update.
The index had already crossed the psychological barrier of 135,000 points earlier in the day for the first time in history,
Prime Minister Shehbaz Sharif expressed satisfaction over the PSX crossing the historic 135,000-point mark, calling it a reflection of the business community’s confidence in the national economy.
In a statement, the prime minister said the current positive economic indicators demonstrated that the government’s policies were heading in the right direction.
He emphasised that providing a supportive environment for the business community remains a top priority for his administration.
PM Shehbaz added that Pakistan had entered a phase of economic growth after achieving stability, and reaffirmed the government’s commitment to national development and public welfare.
Earlier in the week, the KSE-100 index of the PSX surged 2,351 points, or +2% week-on-week (WoW), to close at 134,300, marking a second week of gains driven by a strong earnings outlook, record remittances and positive macro news.
Major boosts came from a US-Pakistan trade deal, $2 billion investment from Azerbaijan and rising Panda bond expectations.
The State Bank's foreign currency reserves hit a 39-month high of $14.5 billion.
Among FY25 highlights were remittances hitting $38.3 billion (+27%), auto sales higher by 43% and early retiring of Rs1.5 trillion worth of debt. Analysts see continued momentum with room for profit-taking.
The index trades at a 6.8x forward price-to-earnings ratio, offering a 7.4% dividend yield.
Top picks include OGDC, Pakistan Petroleum, Meezan Bank, MCB Bank, PSO, Hubco and Systems Limited.
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