Pakistan Stock Exchange (PSX) began the fiscal year 2025-26 on a strong note, with the KSE-100 Index rising to its all-time high as one of the greatest single-day performances in its history.
On Tuesday, optimism ruled the trading floor, which propelled the KSE-100 Index crossing an intra-day high of 128,142 points—a record increase of 2,515 points. The index not only crossed the 126,000 mark but also 127,000 and 128,000 levels in quick succession to create a new record high for the market.
Buying activity was widespread across key sectors, including automobile assemblers, commercial banks, oil and gas exploration, and power generation. Major players such as HUBCO, MARI, PRL, POL, MCB, MEBL, and NBP led the rally.
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Prime Minister Shehbaz Sharif lauded the market’s performance, calling it “a promising start to the new fiscal year and a reflection of growing confidence in the government’s economic policies.”
In a statement, he said, “The bullish run and the KSE-100 reaching a record level demonstrate renewed investor trust in the government’s fiscal and structural reforms.”
“The confidence of the business community and investors is strengthening with each passing day,” he added, describing the surge as “good news and a sign of economic progress.” He credited the steady recovery in the last fiscal year to the government’s effective policy framework, adding, “The new financial year will prove to be a milestone in the journey towards economic stability.”
The prime minister also acknowledged the role of the business community and investors, calling their contributions central to the country’s growth. He praised the government’s economic team for its continued efforts in fostering a stable, business-friendly environment.
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Market analysts credited the rally to a combination of budget transparency, falling interest rates, better geopolitical environment, and a robust macroeconomic backdrop. “The rally comes on the back of budget clarity and falling interest rates, leading to rising equity exposure from domestic investors,” stated Topline Securities CEO Mohammed Sohail.
Waqas Ghani, Head of Research at JS Global, added that the market’s bullish tone is also supported by easing external pressures and more positive sentiment surrounding Pakistan’s economic direction.
This bullish run followed Monday’s strong close to FY 2024-25, when the market jumped 1,248 points to close at 125,627.31—setting the stage for Tuesday’s historic session.
