KARACHI (Kashmir English): The Pakistan Stock Exchange (PSX) kicked off the new fiscal year 2025–26 on a high note, with the KSE-100 index reaching an all-time high. The index surged by nearly 2,300 points, closing at 127,927 points – a 1.8% increase from the previous session.
The rally marked a strong start to the fiscal year and reflected growing investor confidence in Pakistan’s economy. The Pakistan Stock Exchange saw active trading throughout the day, with total volumes hitting 198 million shares and a trading value of around Rs 16.8 billion.
Analysts credit this boost to signs of economic and political stability, positive budget expectations, and a recent $3.4 billion loan rollover from China. The loan helped Pakistan cross $14 billion in foreign reserves, meeting key IMF targets and strengthening the local currency.
Analysts attributed the rally to positive investor sentiment supported by signs of economic and political stability, as well as optimism around fiscal reforms announced in the federal budget.
Earlier on Monday, PSX closed the fiscal year 2024-25 at a record high on Monday, where the benchmark KSE-100 index surged 1,248 points, or 1%, to 125,627.
According to Ahsan Mehanti of Arif Habib Corp, stocks hit a new all-time high at the year-end close, driven by record trading volumes following the rollover of $3.4 billion financing by China, which boosted foreign exchange reserves to over $14 billion, meeting the IMF’s June 30 target and supporting rupee stability.
Major gains were observed in heavyweight sectors like banking, fertiliser, and oil & gas, which attracted high investor interest. Companies like HBL, MCB, Mari Petroleum, and OGDC led the charge, contributing significantly to the index’s rise.
Market experts say the Pakistan Stock Exchange benefited from not just domestic optimism but also from a positive trend in global markets. Easing trade tensions and improved international investor confidence helped support the local rally.
The Pakistan Stock Exchange had already ended the previous fiscal year on a strong note, and this continued momentum is seen as a positive signal for the country’s economic outlook. Investors are hopeful that the government will announce business-friendly reforms and policies in the 2025–26 federal budget.
