KARACHI, Pakistan: The Pakistan Stock Exchange (PSX) touched yet another historic high as the KSE-100 index soared by 1,226 points, closing at 152,201, marking its fourth consecutive winning session. The surge was largely fuelled by strong performances in the cement, fertiliser, and power sectors, all of which delivered robust earnings and upbeat demand outlooks.
According to market reports, the cement sector gained momentum after a significant 12% year-on-year increase in August dispatches, signalling revival in construction activity. The fertiliser sector also contributed heavily with urea sales soaring 46% year-on-year and 34% month-on-month, reaching 816,000 tonnes in August. Expectations of a price revision in September further boosted investor interest.
The power sector, led by Hub Power Company (HUBC), also shined as the company posted strong fourth-quarter results with earnings of Rs 9.16 per share, coupled with a dividend of Rs 10 per share, marking its highest annual payout in years.
Major players such as HUBC, Fauji Fertiliser, OGDC, Mari Petroleum, and PPL together added more than 780 points to the index, making them the prime movers behind the rally.
Analysts suggest that the ongoing rally is also underpinned by macroeconomic optimism, including the State Bank’s GDP growth projection of 3.25–4.25% for FY26, renewed confidence in CPEC phase-II projects, and prospects linked with the Pakistan–China Free Trade Agreement.
However, concerns remain over shrinking exports, which have seen a fourth consecutive monthly decline, raising questions about long-term economic balance despite the strong stock market rally.
For now, investors continue to ride the wave of optimism, as the PSX cements its position as one of the most promising markets in the region amid turbulent economic conditions.
This story has been reported by PakTribune. All rights reserved.