Pakistan Stock Exchange Extends Gains as Investor Confidence Grows
The Pakistan Stock Exchange (PSX) surged for the second consecutive day, with the KSE-100 index gaining 515 points to close at 122,762. This rise follows Tuesday’s historic 6,000+ point leap — the second-largest single-day increase in PSX history.
What’s Driving the Bull Run?
Investor confidence was boosted by:
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A US-brokered ceasefire between Israel and Iran
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Confirmation of $194 million from the World Bank
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Approval of $350 million from the Asian Development Bank (ADB)
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Continued improvement in domestic macroeconomic indicators
These developments have strengthened Pakistan’s external financing position — a key requirement under the IMF program.
Market Momentum: Key Sectoral Drivers
According to Arif Habib Corp’s Ahsan Mehanti, major contributors to the rally include:
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Low inflation trends
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Rising exports
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Rupee appreciation
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Privatisation plans for state-owned enterprises
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Progress on circular debt management
KTrade Securities noted strong performances in:
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Banking
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Cement
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Fertiliser
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Food and consumer sectors
Major Gainers on the PSX
Top contributors to the index included:
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Fatima Fertiliser (+6.54%)
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Bank AL Habib (+4.15%)
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HBL (+3.03%)
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DG Khan Cement
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National Foods
Trading Summary
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Volume: 749.8 million shares (down from 804.8 million)
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Value: Rs28 billion
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Companies traded: 472
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Advancers: 274
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Decliners: 161
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Unchanged: 37
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Top Volume Leaders:
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WorldCall Telecom: 102.4M shares, closed at Rs1.49
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Pakistan Refinery: 47.1M shares, closed at Rs35.27
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Cnergyico PK: 39.6M shares, closed at Rs7.25
Despite the positive momentum, foreign investors offloaded Rs949 million worth of shares.
Pakistan Invites US Investment in Mining Sector to Unlock Vast Mineral Potential
Expert Commentary & Outlook
JS Global’s Mubashir Anis Naviwala said:
“Bullish sentiment continues as optimism around geopolitical stability and economic reforms grows.”
Arif Habib Limited (AHL) highlighted:
“Market fundamentals remain strong, and the rally may continue if ceasefire talks hold and reform momentum sustains.”
Meanwhile, Finance Minister Muhammad Aurangzeb confirmed that US-Pakistan trade talks are progressing positively, further lifting investor sentiment.
Conclusion: Will the Rally Continue?
With geopolitical tensions easing and foreign financing flowing, the PSX bull run appears to have legs — at least in the short term. Strong earnings in banking, fertilizer, and cement, combined with policy continuity, point toward a sustained upward trend.
However, foreign outflows and regional volatility remain risks to watch.
