KARACHI – The Pakistan Stock Exchange (PSX) continued its winning streak this week as the KSE-100 index stayed just below its all-time high, closing at 138,597 points. The market’s bullish momentum remained strong, mainly driven by investor confidence ahead of corporate earnings and improving economic indicators.
According to analysts, upcoming financial results are expected to be positive, especially for banks, tech companies, and major manufacturers. Meanwhile, Pakistan’s macroeconomic data is showing signs of recovery. The country recorded a $2.1 billion current account surplus, a major turnaround from the previous year’s deficit. IT exports also saw a healthy 18% year-on-year increase.
Other encouraging indicators include a 2.3% rise in large-scale manufacturing in May and foreign exchange reserves climbing to $14.5 billion. Falling bond yields have made stocks even more attractive for investors.
While daily trading volumes dipped slightly—down 19.5% from last week—the overall outlook remains strong. Market experts believe the rally could continue in the coming months, especially if interest rates ease further and earnings beat expectations. Some brokers have projected that the KSE-100 could hit 165,000 points by the end of this year.
This story has been reported by PakTribune. All rights reserved.