The Pakistan Stock Exchange (PSX) extended its record-breaking rally on Tuesday as the KSE-100 Index crossed the historic 130,000-point mark for the first time. Strong investor confidence and steady foreign inflows drove this milestone.
By the closing bell, the KSE-100 Index closed at 130,500 points, adding over 1,200 points in the day. Analysts credit this rise to better macroeconomic indicators, progress on the IMF agreement, and government moves that support businesses.
Market watchers said banking, cement, and oil and gas stocks gave the index a solid push. Investors actively bought blue-chip shares like Lucky Cement, Habib Bank Limited (HBL), and Oil & Gas Development Company (OGDC). Many believe Pakistan’s economy is recovering faster than expected.
Foreign investors continued to buy for the third week in a row. This trend shows growing trust in the country’s fiscal policies and structural reforms. A stronger rupee and easing inflation have also improved market sentiment.
Senior market analyst told FactFile, “Crossing 130,000 points proves the market trusts the government’s clear economic direction. If politics stays calm, the KSE-100 Index could go even higher soon.”
Continuing its bullish momentum, the index surged by 2,144 points to close at 130,344 points, an impressive gain of 1.67 percent from the previous close of 128,199.
A total of 1,026,117,776 shares were traded during the day as compared to 1,032,756,027 shares the previous trading day, whereas the price of shares stood at Rs. 49.294 billion against Rs. 44.008 billion on the last trading day.
The bullish mood got another boost from steady interest rates and hopes for a new IMF loan. Investors expect fresh foreign funds to flow once the deal comes through. Many hope the government stays focused on helping the private sector and attracting new foreign investment.
However, experts warn that investors could start booking profits at these high levels. They urge traders to watch global oil prices and political news that could affect sentiment.
Despite possible bumps ahead, the PSX has stayed one of the best-performing markets in the region this year. Analysts see more upside for the KSE-100 Index if economic stability continues and new funds keep coming in.
Traders say smart investors should balance gains with caution and watch global markets closely. For now, PSX bulls look ready to push the market to fresh highs in the weeks to come.
“With the index in uncharted territory, all eyes are now on earnings season and macro signals to see if the bulls have more steam left or if a breather is around the corner,” Topline said.
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