KARACHI – The Pakistan Stock Exchange (PSX) opened the fiscal year 2025–26 with a bang, as the KSE-100 Index smashed through previous records, soaring by over 2,300 points during intra-day trading on Tuesday — a clear sign of renewed investor confidence.
By midday, the benchmark index had climbed to 127,927.49, marking a 1.83% increase from the previous close of 125,627.31. It even touched a high of 128,149.46 during the session before settling slightly lower. The lowest point of the day was recorded at 126,113.27.
Market activity was buzzing, with over 198 million shares changing hands and a trading value of Rs16.83 billion.
Analysts say this strong momentum is being fueled by improving political and economic conditions, alongside a wave of optimism following key fiscal reforms announced in the new federal budget. Investors seem to be banking on the government’s promises of stability and growth.
Just a day earlier, PSX had wrapped up the last fiscal year (2024–25) on a similarly high note, adding 1,248 points to close at 125,627 — a record finish at year-end. That rally, according to Arif Habib Corp’s Ahsan Mehanti, was largely driven by record volumes and the much-needed boost in foreign reserves, thanks to China’s $3.4 billion rollover. The move helped Pakistan hit its IMF foreign reserves target and supported the rupee, sparking more investor confidence.
Brokerage houses like Topline Securities and Arif Habib Limited both noted the market’s impressive bullish streak, calling it a strong start to the new fiscal year. Top-performing stocks included major names like FFC (+1.52%), HBL (+3.51%), and Bank AL Habib (+2.7%).
Out of the 481 companies that traded during the day, 297 saw gains, 152 declined, and 32 remained unchanged — a clear indicator that the bulls are back in charge at the PSX.
