The PSX rally continued its upward trend on Thursday, with the KSE-100 Index closing at a new all-time high of 130,686.66 points, gaining 342.63 points or 0.26%. Earlier in the day, the index reached an intra-day high of 131,325.10, reflecting investor confidence and bullish momentum.
Strong Fundamentals Fuel Market Optimism
Analysts credited the sustained rally to aggressive institutional buying, robust earnings forecasts, and positive macroeconomic indicators. These factors have supported the market’s record-breaking performance in recent sessions.
On Wednesday, the KSE-100 had surpassed the 130,000-point milestone for the first time, jumping by 2,144 points (1.67%) to close at 130,344 points, a historic achievement for Pakistan’s stock market.
Read: PSX Soars Past 130,000 for First Time, Fueled by Inflation Relief and Energy Policy Boost
Sector-Wise Performance
According to Topline Securities, the market saw pressure from some key stocks, including BAHL, MCB, MEBL, HBL, and MTL, which collectively pulled the index down by 493 points. However, strong performances from OGDC, UBL, and HUBC helped offset the losses by contributing 353 points to the index.
Global Market Impact
International markets also showed mixed trends. Asian stocks edged higher, with investors awaiting a crucial US jobs report and the final approval of a massive tax and spending bill in the US Congress. Wall Street closed at record highs after President Trump announced a trade deal with Vietnam, and talks with India are also underway.
MSCI’s Asia-Pacific index rose 0.2%, while China’s blue-chip stocks gained modestly. In contrast, Hong Kong’s Hang Seng dropped 0.6% after weak services data.
Currency and Market Activity
The Pakistani rupee appreciated slightly by Re0.09, closing at 283.86 against the US dollar.
Total volume on the all-share index declined to 899.85 million shares, with a reduced trading value of Rs43.25 billion.
WorldCall Telecom led volumes with 49.45 million shares, followed by Image Pakistan and Bank of Punjab.
Out of 468 companies, 216 closed higher, 236 declined, and 16 remained unchanged — showing a mixed market breadth.
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