The Pakistan Stock Exchange opened the new fiscal year on a bullish note, with the benchmark KSE-100 Index surging significantly.
After closing at 125,627.31, the index is now up 1.83% at 127,927.49.
The market’s intraday high was 128,149.46, and its lowest point of the day was 126,113.27.
There were 198.08 million shares traded overall, with a trading value of Rs16.83 billion.
Analysts credited the rally to optimism about fiscal reforms outlined in the federal budget, as well as positive investor sentiment bolstered by indications of political and economic stability.
The benchmark KSE-100 index rose 1,248 points, or 1%, to 125,627 earlier Monday, as the PSX ended the fiscal year 2024–25 at a record high.
Ahsan Mehanti of Arif Habib Corp. claims that record trading volumes after China’s $3.4 billion financing rollover helped stocks reach a new all-time high at the year-end close. This increased foreign exchange reserves to over $14 billion, meeting the IMF’s June 30 target and bolstering rupee stability.
The KSE-100 index ended trading at 125,627.31, up 1,248.25 points, or 1%.
Topline Securities noted in its review that the local exchange ended the fiscal year strongly, maintaining the bullish momentum from the previous week with yet another outstanding showing.
The benchmark index rose 1,369 points during the day before closing 1,248 points higher (up 1%), settling at 125,627.
Arif Habib Limited (AHL) stated in its commentary that the week got off to a strong start, with the KSE-100 closing above 125,600 points after gaining 1%.
FFC (+1.52%), HBL (+3.51%), and Bank AL Habib (+2.7%) were the main contributors to the index gains, with about 71 shares rising and 29 falling.
In total, 481 companies’ shares were exchanged. 32 of these stocks stayed the same, 152 fell, and 297 closed higher.
