The PSX bullish trend kicked off the fiscal year 2025–26 with a historic surge. On July 1, the KSE-100 Index soared by 2,300 points during intra-day trading, reaching an unprecedented level of 128,149.46 before closing at 127,927.49 — up 1.83% from the previous session’s close of 125,627.31.
Strong Opening Reflects Market Confidence
The Pakistan Stock Exchange opened strong as investors responded positively to signs of economic and political stability. Optimism surrounding fiscal reforms and external support further boosted confidence, driving both volume and value upward. Total trade volume reached 198.08 million shares, with a trading value of Rs16.83 billion.
Momentum from Previous Week Continues
The rally built on momentum from the previous day, when the KSE-100 had already closed the last fiscal year with a 1% gain. The index had climbed by 1,248 points to settle at 125,627.31 — a record at the time.
Read: PSX Hits Record High as Bull Run Continues Amid Macroeconomic Optimism
China’s Support and IMF Target Met
Analysts credited the strong performance to positive developments on the macroeconomic front. Ahsan Mehanti of Arif Habib Corp noted that China’s rollover of $3.4 billion in financing played a critical role. This move pushed foreign exchange reserves above $14 billion, meeting the IMF’s June 30 benchmark and stabilizing the rupee.
Top Performers Lead the Rally
Key contributors to the index’s rise included major financial stocks. HBL jumped 3.51%, Bank AL Habib rose 2.7%, and FFC gained 1.52%. Of the 481 companies traded, 297 saw gains, 152 declined, and 32 remained unchanged.
Investor Sentiment Remains Positive
According to Topline Securities, the market’s bullish energy has carried over from the previous week. Arif Habib Limited echoed this view, describing the week’s start as “solid,” with strong participation and upward pressure continuing.
What Lies Ahead
The PSX appears poised for further growth, supported by investor optimism, improved liquidity, and supportive economic signals. If the current pace holds, Pakistan’s capital market could continue setting new benchmarks in the months ahead.
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