PIA privatisation drives PSX past 172k mark

KSE-100 climbs 0.58% Arif Habib-led consortium secures 75% stake in 135b deal

The KSE-100 Index posted a solid +0.58% gain on a week-on-week basis, closing the period on a positive note amid strong investor sentiment.

The primary catalyst was the landmark privatization of Pakistan International Airlines (PIA), finalized at Rs135 billion (approximately US$480 million), marking one of the largest and most significant privatization deals in Pakistan's history.

The successful auction, won by the Arif Habib-led consortium for a 75% stake, signals a major step toward reducing the government's burden from loss-making state-owned enterprises and boosting private sector confidence.

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•KSE-100: Pullers & Draggers
•KMI-30: Pullers & Draggers pic.twitter.com/rCQIk0IVGt

— PSX (@pakstockexgltd) December 26, 2025

A positive session was observed at the exchange, as the index gained to close at an all-time high of 172,400 level (up by +0.92%).

Top positive contributions to the index came from ENGROH, PPL, SYS, NBP, and MLCF, as they cumulatively added +774 points to the index, according to Topline Securities. Traded value-wise, BOP (Rs3.1b), NBP (Rs2.94b), SEARL (Rs2.05b), PPL (Rs2.03b), PTC (Rs1.51b), and MLCF (Rs1.35b) dominated the trading activity. Traded value and volume for the day stood at 797 million shares and Rs38b, respectively.

Today, 59% of the total equity value traded at PSX was in Shariah-compliant stocks!

Learn about the top 3 Shariah Compliant Stocks in today's PSX Market Breakdown pic.twitter.com/TXQAxCc95U

— PSX (@pakstockexgltd) December 26, 2025

This positive momentum was further supported by the State Bank of Pakistan's (SBP) recent 50 basis points policy rate cut to 10.5%, which continued to encourage investment in equities by lowering borrowing costs and improving liquidity. Trading activity remained robust, with average daily volumes at 736 million shares and a value of Rs31.5b.

Analysts view this as a turning point for market reforms, with the PIA deal expected to pave the way for more divestments and enhanced economic efficiency.