PSX hits new record high as trading week opens

Trading opens with a gain of 659 points during intra-day trading

Pakistan Stock Exchange began the week on a bullish note on Monday, with the benchmark KSE-100 index surging to an all-time high.

Trading opened with a gain of 659 points, lifting the index to 162,916 points. Continued buying pushed it up further, adding 791 points to reach a new peak of 163,018 points during intra-day trading.

Analysts attributed the momentum to robust investor confidence and sustained buying interest after last week’s upward trend.

Read: PSX skyrockets 4,220 points, hits historic high

PSX maintained its bullish momentum during the outgoing week as the benchmark KSE-100 index surged 4,220 points (+2.67% week-on-week – WoW) to close at a historic high of 162,257.

Investor sentiment remained upbeat, fueled by the landmark Rs1.225 trillion circular debt resolution deal, improving external account indicators, and renewed optimism following the prime minister’s meeting with US President Donald Trump at the White House. Sector-specific gains were led by banks, cement, fertiliser, and power, while expectations of upcoming debt-related disbursements and progress on the IMF’s second review further supported market confidence.

On a day-on-day basis, the PSX kicked off the rollover week on a slightly weaker footing, where the KSE-100 shed 483 points (-0.31%) to close at 157,555. The index ended Tuesday on a positive note, gaining 390 points (+0.25%) to 157,945, despite rollover-driven volatility.

On Wednesday, the bourse spent another session consolidating gains within the 158-159k band, ultimately closing at 158,237, up 292 points (+0.18%).

The market staged a powerful rally on Thursday, closing above the psychological 159k mark at 159,208, higher by 1,043 points (+0.66%). Bulls stormed the PSX on the final trading day of the week as the KSE-100 shattered the 160k barrier and closed at a historic high of 162,257, registering a massive gain of 2,977 points (+1.87%).