Pakistan Stock Exchange Soars Past 135,000 Mark in Record-Breaking Rally
The Pakistan Stock Exchange (PSX) began the week on a historic note as its benchmark KSE-100 Index crossed the unprecedented 135,000-point mark on Monday, reflecting strong investor confidence driven by recent macroeconomic improvements and renewed optimism around external financing.
The KSE-100 Index gained 1,207.86 points, or 0.89%, during the opening session, reaching an all-time high of 135,507.62 points. Market sentiment remained highly positive after the International Monetary Fund (IMF) praised Pakistan’s economic performance under the Extended Fund Facility (EFF), signaling successful policy implementation and improved economic stability.
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Key external developments also played a significant role in fueling the bullish trend. Analysts highlighted China’s rollover of $3.4 billion in loans and deposits, along with a $1 billion inflow secured through commercial banks in the Middle East—facilitated by a $500 million policy-based guarantee from the Asian Development Bank (ADB)—and an additional $500 million from multilateral financial institutions. No new inflows, however, were recorded after June 30.
This latest surge builds on Friday’s upward momentum, when the KSE-100 Index had already climbed 517.42 points (0.39%), closing at 134,299.77 points. That day saw a trading volume of over 765 million shares, with the total value of traded shares touching Rs40.165 billion. Among 477 listed companies that participated in trading, 220 recorded gains, 228 faced losses, and 29 remained unchanged.
Bank of Punjab led the volume chart with over 94 million shares traded at Rs13.08 per share. Aisha Steel Mills followed with 25 million shares at Rs12.11, while Kohinoor Spinning recorded 23.6 million shares traded at Rs6.69.
In terms of price movement, PIA Holding Company Limited B saw the highest increase, gaining Rs2,337.54 per share to close at Rs26,152.94. Ismail Industries Limited followed, rising by Rs169.67 to end at Rs2,129.67 per share. On the losing side, Bhanero Textile Mills Limited dropped by Rs48.92 per share, closing at Rs962.82, while Khyber Textile Mills Limited declined by Rs37.66 to close at Rs1,425.80.
This milestone of 135,000 points represents a record-breaking performance for the PSX, which had crossed the 100,000-point mark for the first time in November 2024. The swift 35% gain within within less than a year reflects exceptional investor confidence, underpinned by improved macroeconomic indicators, a stable currency, easing inflation, and consistent foreign inflows.
Unlike previous rallies driven primarily by speculative sentiment, this surge is supported by stronger fundamentals—particularly the successful completion of IMF program reviews, tighter fiscal management, and robust corporate earnings across key sectors. The rally also gained momentum after the IMF praised Pakistan’s steady economic progress under its reform plan, reinforcing investor optimism about continued stability and growth.
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