KARACHI – The Pakistan Stock Exchange (PSX) continued its strong upward momentum on Monday, with the KSE-100 Index soaring by 2,202 points to close at a historic high of 136,502.
The index peaked at 136,841 during intraday trading, fueled by growing investor confidence, improving economic numbers, and active participation from institutional investors.
June remittances hit a record $3.4 billion—up 8% from last year—pushing the full-year figure to $38.3 billion, a 27% increase. Meanwhile, foreign exchange reserves rose by $1.8 billion to reach $14.5 billion, the highest level in over three years.
The auto sector also showed strong performance, with car sales in June up by 64% year-on-year. Total sales for FY25 reached 148,000 units, driven by pre-GST price anticipation.
Banking and fertilizer giants, including UBL, HBL, FFC, Bank AL Habib, and MCB, were among the top contributors, adding over 1,400 points to the index.
Positive comments from the IMF regarding Pakistan’s Extended Fund Facility further lifted market sentiment.
Prime Minister Shehbaz Sharif praised the market’s performance, calling it a sign of increasing investor trust and the government’s commitment to economic growth.
This story has been reported by PakTribune. All rights reserved.
