KARACHI, Pakistan – Investor confidence soared on Tuesday as the Pakistan Stock Exchange (PSX) closed at an all-time high, marking a significant milestone in the country’s financial landscape.
The benchmark KSE-100 index surged by 1,202 points, settling at 139,419, with intraday gains peaking at 1,684 points. The rally was driven by rising optimism following recent engagements between top business leaders and Army Chief Gen Asim Munir, who assured continued institutional backing for economic progress.
Analysts also attributed the bullish trend to the government’s strengthened political position in the Senate, improving macroeconomic indicators, and anticipation of interest rate cuts. Active buying was witnessed in key sectors such as banking, fertiliser, and energy, with major players like HBL, Engro, and OGDCL leading the rally.
Turnover remained robust with 627 million shares traded, worth over Rs34.6 billion, reflecting strong investor participation and expectations of solid corporate earnings in the upcoming season.
This story has been reported by PakTribune. All rights reserved.