KARACHI – The Pakistan Stock Exchange (PSX) surged to a historic high on Thursday, driven by rising investor confidence ahead of the corporate earnings season and improving macroeconomic indicators.
The benchmark KSE-100 index crossed the 131,000-point mark, setting a new record amid robust trading activity. The session saw over 940 million shares traded with a total turnover of approximately Rs 36 billion. The Bank of Punjab remained the volume leader, contributing over 155 million shares.
Market Drivers
Market analysts attributed the rally to anticipation of strong corporate earnings, particularly in key sectors such as textiles and banking. Additionally, the recent decline in bond yields and signs of potential monetary easing supported the positive sentiment.
Pakistan’s export figures, which showed a 4.67% year-on-year increase in FY25, also played a role in boosting market confidence.
Sector Highlights
The textile sector, led by Nishat Mills, posted notable gains. Banking stocks continued their upward momentum, with UBL, HBL, MCB, Meezan Bank, and Bank Al-Habib all contributing significantly to the index’s advance.
Technical Outlook
Analysts noted that the index has established new support levels around 130,000, with additional stability expected near 127,000. Should the momentum continue, the market is likely to test the 133,000 to 134,000 range in the coming days.
Investor Confidence on the Rise
Improved macroeconomic conditions—including a stable rupee, declining inflation, and steady remittances—have bolstered market sentiment. Strong institutional inflows and strategic buying ahead of earnings announcements are expected to sustain the bullish trend.
This story has been reported by PakTribune. All rights reserved.