PSX Ends Week at Record High as KSE-100 Index Surges by 2,350 Points
The Pakistan Stock Exchange (PSX) closed the week on a historic note, with the benchmark KSE-100 index rising by a cumulative 2,350 points to settle at an all-time high of 134,299.77. This marks the third consecutive week of gains, driven by strong corporate earnings, robust institutional participation, and a favorable macroeconomic environment.
Throughout the week, the index fluctuated within a 2,605-point range, recording a low of 132,326 and peaking at 134,931. Investor confidence remained strong in the final trading session on Friday, with the index gaining an additional 517.42 points or 0.39%. Market activity was solid, as trading volumes touched 765.1 million shares and the total value of traded shares stood at Rs40.2 billion.
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The PSX’s market capitalisation rose by Rs377 billion during the week, bringing the total to Rs16,288 billion. Overall, 4.73 billion shares were traded across the market in five sessions.
According to Topline Securities, the recent surge was fueled by higher equity allocations from mutual funds and better-than-expected corporate results. Data from the National Clearing Company of Pakistan showed a clear trend of investors shifting from fixed income to equities, providing a further boost to overall market sentiment.
Among the top contributors, United Bank Limited (UBL) played a prominent role after reporting a 99% year-on-year increase in earnings per share for the first half of calendar year 2025, reaching Rs26.07. UBL also announced an impressive Rs19 per share dividend, which helped its stock climb 2.4% on Friday. Hub Power Company and Millat Tractors also added strength to the index with gains of 1.6% and 2.76% respectively, together contributing more than 300 points.
However, the rally faced some resistance from specific banking stocks. Bank AL Habib dropped by 3.3%, while MCB Bank and HBL declined by 1.04% and 1.22% respectively, slightly offsetting overall gains.
Ahsan Mehanti, Managing Director at Arif Habib Corp, noted that improved foreign exchange reserves—now standing at $20 billion—and a 38% year-on-year jump in auto sales for FY25 added to investor optimism. He also cited revised development spending estimates of Rs1.05 trillion and record remittances of $38.3 billion as key economic indicators that contributed to the stock market’s bullish sentiment.
On Friday, out of the 477 companies traded, 220 closed higher, 228 ended lower, and 29 remained unchanged. The market breadth remained marginally positive, with 55 advancing and 45 declining stocks driving index fluctuations.
The Bank of Punjab led trading volumes with 94.1 million shares, followed by Aisha Steel Mills with 25.1 million and Kohinoor Spinning Mills with 23.6 million shares. Despite the bullish mood, foreign investors remained net sellers, offloading equities worth Rs350 million.
Looking forward, analysts at Arif Habib Limited anticipate that the KSE-100 index may find support near the 132,000 level and could potentially test the 136,000 mark in the coming sessions, provided the current momentum holds.
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