KARACHI, PAKISTAN – The Pakistan Stock Exchange (PSX) wrapped up the week on a bullish note, as the KSE-100 index surged by 610 points, closing at 139,207. The rally followed S&P Global’s decision to upgrade Pakistan’s credit rating to ‘B-’ from ‘CCC+’ with a stable outlook—sparking optimism among investors.
The global rating agency cited improved macroeconomic indicators and renewed fiscal discipline under IMF guidance. Investors also anticipate a potential interest rate cut in the upcoming monetary policy meeting, which further fuelled the upward momentum.
Top performers included banking, cement, autos, and energy sectors, with heavyweights like Engro, Lucky Cement, Meezan Bank, and NBP leading the gains.
Despite the rally, overall trading volume dipped, showing signs of caution ahead of corporate earnings. However, the strengthening rupee and falling treasury yields indicate investor confidence in the country’s economic direction.
With global and domestic sentiment aligned, Pakistan’s equity market appears set for a sustained recovery—if economic fundamentals continue to improve.
This story has been reported by PakTribune. All rights reserved.