PSX Hits Record High as KSE-100 Index Extends Bullish Streak
Pakistan Stock Exchange (PSX) continued its upward climb on Tuesday, with the KSE-100 index achieving another all-time high. Strong corporate earnings and growing investor optimism fueled the momentum, keeping the market in positive territory throughout the session.
The benchmark index rose by 476 points, or 0.31%, to close at 156,563.53. During the day, the market dipped to a low of 155,044.26 before bouncing back strongly to touch an intraday high of 157,088.81.
What’s Driving the Rally?
The ongoing surge, powered by earnings season, reflects heightened investor appetite for profitable opportunities. Heavy buying was witnessed in the banking, energy, and fertiliser sectors, signaling confidence in long-term market growth. Local institutional investors and active retail participation played a central role in driving volumes higher.
Interestingly, this bullish momentum has persisted despite macroeconomic concerns. Pakistan’s debt-to-GDP ratio climbed to 73.2% in FY25 as public debt jumped 13%, outpacing nominal GDP growth of 8%. Yet, the stock market remained resilient, pointing to investor belief in improving economic fundamentals.
Market Wrap & Sector Performance
According to KTrade Securities, the KSE-100 maintained its upward momentum, adding 476 points for the day. Key players that lifted the index included:
- Engro Holdings
- Fauji Fertiliser
- Meezan Bank
- Mari Energies
- Engro Fertilisers
- National Bank
KTrade also highlighted the market’s resilience, crediting investor confidence in Pakistan’s economic outlook, sector-specific strengths, and robust fundamentals.
Trading Volumes & Top Movers
Despite the positive momentum, total volumes slipped slightly to 1.07 billion shares, compared with 1.13 billion the previous day. Overall traded value stood at Rs55.2 billion.
K-Electric emerged as the volume leader with 169.6 million shares changing hands. Its stock price edged up by 13 paisa, closing at Rs5.75.
In summary, the PSX rally highlights strong investor confidence despite economic headwinds. With key sectors like fertiliser and banking leading the charge, the bourse continues to show strength, setting the stage for further gains if corporate performance sustains.
