PSX’s record-setting rally continues on investor optimism
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With fresh records unfolding each day, the Pakistan Stock Exchange (PSX) continued its remarkable ascent on Thursday as the KSE-100 Index surged 0.39% to an all-time high of 145,647 points.
The rally was propelled by strengthening sentiment, robust corporate earnings, and improving macroeconomic fundamentals, cementing the market’s role as a key barometer of investor confidence.
The momentum followed the government’s move to ease tax enforcement through mandatory consultation with the business community prior to arrests in tax fraud cases—a step seen as fostering a business-friendly environment.
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KTrade Securities, in its market wrap, wrote that the bourse recorded another positive session as the KSE-100 Index gained 559 points (+0.39%) day-on-day to close at 145,647.
Early gains were fueled by investor optimism following news of US President Donald Trump raising tariffs on Indian goods to 50%, which is considered favourable for Pakistan’s export-oriented sectors, it said.
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Unlock today’s market moves and stay one step ahead! pic.twitter.com/tKmxhy7XrzThe index touched an intra-day high of 146,081 before some profit-taking set in. However, in the latter part of the session, oil stocks gained traction amid reports of progress on circular debt payments. Key contributors included Pakistan Petroleum, Pakistan State Oil, and Oil and Gas Development Company. With strong momentum and growing investor confidence, KTrade expected the bullish trend to continue in the coming days.
Topline Securities reported that the bullish momentum from previous sessions was carried through, underpinned by strong institutional inflows, particularly from local mutual funds, as highlighted by NCCPL data. This sustained optimism propelled the benchmark KSE-100 Index to an intra-day high of 993 points. Later, it closed at an all-time high of 145,647, marking a net gain of 559 points, it said.
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The rally was largely fueled by index heavyweights including Pakistan Petroleum, Habib Bank, Engro Fertilisers, Systems Limited, and Oil and Gas Development Company, which collectively contributed 738 points.
Market participation remained vibrant, with total traded volumes reaching 713 million shares and traded value hitting Rs55.7 billion. Pakistan Petroleum led the volumes chart with 33 million shares changing hands during the session, Topline added.
Shares of 483 companies were traded. Of these, 221 stocks closed higher, 235 declined, and 27 remained unchanged.