The Pakistan Stock Exchange (PSX) continued its bullish streak on Friday, pushing the KSE-100 index to a fresh all-time high during intra-day trading. The benchmark index rose by 126.38 points to reach 138,791.87, a 0.09% increase from the previous close of 138,665.49.
During the session, the index touched a record high of 140,585.38 and a low of 138,551.61, indicating strong activity and investor confidence across sectors. Trading volume remained robust with 107 million shares traded and a daily turnover of Rs11.38 billion, signaling continued interest in equities.
This surge marks the third consecutive week of gains for the PSX. On July 14, the index opened above 136,000, adding over 2,200 points in a single session to close at 136,502.54. According to Topline Securities, Monday alone saw a rise of 2,542 points intraday before settling at a 1.64% day-on-day gain.
Key Drivers of the Rally:
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Strong participation from local mutual funds and institutional investors.
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Favorable macroeconomic indicators, including record-high remittances of $38.3 billion in FY25.
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State Bank foreign reserves reaching a 39-month high of $14.5 billion.
- Dollar Builds Momentum Amid Strong U.S. Data, Global Policy Uncertainty
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News of a $2 billion investment deal with Azerbaijan.
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Growing optimism around Panda bond issuance and a potential US-Pakistan trade framework.
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Reports of a $1 billion financing package arranged by a Dubai-based bank.
Arif Habib Limited described the momentum as a “very strong start to the week,” while JS Global’s Syed Danyal Hussain emphasized the positive sentiment driven by economic stability and international support.
With investor confidence on the rise, the PSX seems poised to maintain upward momentum, especially if macroeconomic fundamentals remain supportive.