The Pakistan Stock Exchange (PSX) has witnessed a notable surge in the KSE-100 Index, which rose by 1,618.21 points, or a 1.41% increase, during intra-day trading on Wednesday. This positive movement brought the index to 116,745.11, a substantial rise from the previous close of 115,126.90. The index peaked at 116,993.42 during the session, though it briefly dipped to 114,719.89 before gaining strength.
With over 289 million shares traded, the market saw a total value of Rs 18.91 billion, as investor sentiment remained upbeat, reflecting an optimistic outlook for the near future. This bullish trend is further reinforced by the market’s overall growth as the year-end approaches.
Earlier, on Monday, the PSX had also experienced a remarkable rally, driven by optimism surrounding potential policy changes and favorable economic indicators. The KSE-100 index surged by 3,908 points, or 3.5%, as investor confidence soared in anticipation of a single-digit policy rate and rationalized government spending. The rupee’s strength, coupled with rising exports and falling lending rates, contributed to the positive sentiment.
Noteworthy contributors to this rally included heavyweights like HBL, Dawood Hercules Corporation, MCB Bank, and Engro Corporation, which collectively added 1,265 points to the KSE-100 index. However, some stocks, such as Fauji Fertiliser Company and TRG Pakistan, saw declines.
The positive momentum was also fueled by the government’s recent approval of an ordinance revising the tax structure for banks, as well as updates on Pakistan’s economic growth. The KSE-100’s surge indicates strong market confidence, aided by portfolio rebalancing and increased trading volumes, highlighting a positive outlook for Pakistan’s stock market as 2025 begins.
