Pakistan Stock Exchange (PSX) extended its record-breaking rally on Tuesday, as the benchmark KSE-100 Index surged past the 137,000 mark, backed by robust institutional interest and positive investor sentiment across key sectors.
At 12:40 PM, the KSE-100 Index was recorded at 137,240.25, reflecting a gain of 737.72 points or 0.54%.
Broad-Based Rally Across Sectors
Gains were led by sectors including:
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Automobile Assemblers
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Commercial Banks
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Oil & Gas Exploration
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Refineries and OMCs
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Power Generation Companies
Key index movers such as ARL, HUBCO, MARI, PPL, POL, PSO, MCB, MEBL, NBP, and UBL traded in the green, reflecting strong participation from investors and mutual funds alike.
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Record Performance Continues
This surge builds upon Monday’s impressive session when the KSE-100 Index jumped by 2,203 points (1.64%), closing at a then-record 136,502.54. The rally was attributed to:
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Institutional inflows
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Optimism over economic reforms
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Improved macroeconomic outlook
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Progress in talks with credit agencies and global institutions
Global Cues Remain Mixed
While Pakistan’s domestic market shows strength, global sentiment remains cautious. Asian equities climbed modestly on Tuesday with MSCI Asia-Pacific Index up 0.4% and Japan’s Nikkei adding 0.2%.
Meanwhile, global markets are watching:
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U.S. inflation data and corporate earnings
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Trade talks amid Trump’s tariff threats
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Oil price fluctuations due to Russia-Ukraine tensions
U.S. President Donald Trump’s 30% tariff warning on EU and Mexican imports set for August 1 continues to loom large. However, his recent comments about being open to dialogue have calmed markets slightly.
What Lies Ahead for PSX?
With earnings season ahead and macro indicators showing improvement—including inflation control and foreign reserve buildup—investor optimism is likely to remain elevated.
However, risks such as political developments, global commodity prices, and trade tensions could introduce volatility.