KARACHI, Pakistan: The Pakistan Stock Exchange (PSX) continued its record-breaking rally on Friday, with the KSE-100 Index crossing the 156,000-point mark for the first time in history. The index closed at 156,087.30, gaining 1,810 points (1.17%), after hitting an intraday high of 156,199.28.
The remarkable surge is being attributed to improving macroeconomic indicators and rising investor optimism. Analysts point to expectations of stable interest rates from the State Bank of Pakistan, strong foreign investment signals, and renewed activity in key sectors such as cement and energy. The cement sector, in particular, showed bullish momentum amid hopes of large-scale reconstruction demand following devastating floods.
The week also witnessed a boost in sentiment after the government’s successful treasury bill auctions, which raised Rs 491 billion against a target of Rs 400 billion, indicating stronger fiscal management. Investor confidence has further strengthened with government outreach to attract foreign inflows, particularly from the Prime Minister’s diplomatic engagements.
However, experts caution that the rally comes at a time when flood-related challenges still loom large, threatening agriculture, supply chains, and long-term economic stability. While short-term momentum remains strong, sustainability will hinge on how effectively the government addresses inflationary pressures and manages the reconstruction drive.
The latest milestone underscores the resilience of Pakistan’s equity market, which continues to attract local and foreign participation despite a challenging economic climate.
This story has been reported by PakTribune. All rights reserved.