Karachi – The Pakistan Stock Exchange (PSX) continued its bullish rally on Tuesday as the benchmark KSE-100 indexsurged past the 137,000-point mark during intra-day trading, setting another record high driven by improving macroeconomic indicators and strong investor confidence.
At around 11:39 am, the KSE-100 peaked at 137,739.56 points, gaining over 1,237 points (0.91%) from the previous close. The index opened strong, adding over 1,200 points in early trading before briefly dipping to 136,498 points. However, it quickly regained momentum as institutional investors and mutual funds remained active in key sectors.
Market analysts attributed the surge to a combination of positive economic developments, including:
- A sharp rise in remittances, which reached a historic high of $3.4 billion in June, pushing the FY25 total to $38.3 billion — a 27% increase year-on-year.
- A significant build-up in foreign exchange reserves, with the State Bank of Pakistan reporting an increase of $1.8 billion, bringing total reserves to $14.5 billion — the highest in 39 months.
- Strong corporate earnings and renewed activity in the automobile and banking sectors, which boosted overall sentiment.
Investor appetite remains strong in growth and high-dividend stocks, with expectations that the upcoming monetary policy review and quarterly earnings season will offer further clarity on the market’s direction.
Traders view the current rally as sustainable, provided economic stability continues and inflationary pressures remain under control.
This story has been reported by PakTribune. All rights reserved.
