Sky is the limit as PSX hits all-time high of 145,000 mark

Pakistan Stock Exchange (PSX) on Wednesday achieved another milestone as the benchmark KSE-100 index gained over 2,000 points to hit a highest-ever high of 145,000 as investor confidence remained firmly intact on the back of strong macroeconomic signals and robust inflows, reported 24NewsHD TV channel.

At the close of trading, the KSE-100 Index gained 2,051.33 points or 1.41 percent to reach 145,088.49 points. 

Of the total 484 companies traded today, share prices of 264 companies went up and of 192 declined, while 28 remained unchanged.

Analysts said the upbeat mood was fuelled by Pakistan’s better-than-expected fiscal performance, with the country recording a 9-year low fiscal deficit of 5.38% in FY25.

This improvement came as revenues grew by 36% year-on-year, far outpacing the 18% increase in expenditures, surpassing even the government and IMF’s projection of a 5.6% deficit-to-GDP ratio.

Meanwhile, the government reported a reduction in power sector circular debt by Rs780 billion, bringing the total down to Rs1.614 trillion. The Power Division attributed the decline to lower line losses, improved bill recovery, and cost savings from renegotiated IPP contracts. 

Earlier on Tuesday, the PSX made history as the benchmark KSE-100 Index closed at an all-time high of 143,037 points.

In a remarkable show of investor confidence, the KSE-100 Index gained 1,222 points during intraday trading, peaking at an unprecedented 143,281.34 before settling at 143,037.16 by the closing bell.

Trading volumes remained strong, with over 550 million shares exchanged, amounting to a total value of Rs 37 billion. The rally extended the bullish momentum from Monday, when the index had already climbed 1,017 points to end at 142,052.65.

Market analysts attributed the strong upward trend to several factors, including positive developments in Pak-US diplomatic relations, strong corporate earnings expectations, optimism over macroeconomic indicators and rising global equity trends and interest rate expectations.

Reporter: Kawish Memon