PSX Rally Extends: KSE-100 Surpasses 149,000 Points for the First Time
The Pakistan Stock Exchange (PSX) sustained its record-breaking momentum on Tuesday as the KSE-100 index crossed the historic 149,000 mark during intra-day trading. The benchmark index gained 1,006.96 points, reaching 149,203.38 compared to the previous close of 148,196.42.
So far, the index has touched an intra-day high of 149,367.31 points and a low of 148,293.94 points. Trading volume stood at 105.68 million shares, with transactions valued at Rs10.77 billion, reflecting a 0.68% rise in market performance.
On Tuesday, the Pakistan Stock Exchange (PSX) maintained its upward trend as the benchmark KSE-100 index surpassed the 149,000 level for the first time. This surge comes after Monday’s robust session, where the index jumped 1,704.79 points, or 1.16%, to close at 148,196.42.
According to Topline Securities, the bullish momentum was driven by optimism over the government’s circular debt reforms, which include LNG cargo cuts, revised RLNG pricing, and mobilization of funds from state-owned enterprises and the power sector.
Fitch Ratings projected lower interest rates, stronger credit growth, and reduced reliance on public-sector borrowing as positive signs for the banking sector. Analysts at JS Global also highlighted strong corporate earnings, improving macroeconomic indicators, and expectations of favorable inflation data as key drivers of the market surge.
In terms of trading activity, WorldCall Telecom dominated with 40.7 million shares, ending at Rs1.40 (-0.01). It was followed by Pervez Ahmed Consultancy, which recorded 29.8 million shares, gaining Rs0.18 to close at Rs2.82, while Al-Shaheer Corporation saw 26.4 million shares traded, rising Rs0.52 to Rs12.24.
On the other hand, foreign investors sold shares worth Rs625 million, according to data from the National Clearing Company.
Related Posts:
China Calls for Global Agreement to Balance AI Growth and Security
Iron Ore Prices Rise as China Plans Steel Output Cuts for Military Parade
