The KSE-100 Index briefly surged past the 140,000 mark for the first time on Friday, but profit-taking pulled it back. The Pakistan Stock Exchange (PSX) closed marginally lower at 138,597 points, slipping 68 points or 0.05%. Despite the drop, the week ended on a strong note, supported by robust corporate earnings and a historic current account surplus. The keyword KSE-100 Index highlighted the day’s market movement and overall investor sentiment.
Rally Meets Resistance at 140,000
Early gains in Friday’s session lifted the benchmark index to an all-time intraday high of 140,585. However, profit-taking set in, particularly in stocks that had led recent rallies. This trimmed the index’s gains and resulted in a flat close. Analysts attributed the pullback to investor caution after sharp gains over the past weeks.
Still, the KSE-100 managed to post a weekly gain of 3.2%, or 4,298 points. The index began the week at 134,937 and ended at 138,597, reflecting strong underlying bullish sentiment.
Historic Surplus Boosts Sentiment
A major driver of investor optimism was the announcement of a $2.1 billion current account surplus for FY25 — Pakistan’s first annual surplus in over 20 years. The surplus stemmed from import compression, export growth, rising remittances, and tighter external account management.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the surplus helped strengthen confidence in the market, signaling improved macroeconomic stability.
Read: Bulls Reclaim PSX as KSE-100 Gains 440 Points After Dip
Key Stocks Offset Losses
While profit-taking hit some sectors, gains in heavyweight stocks provided support. Fauji Fertilizer Company, UBL, Engro Holdings, Pakistan Services, and Pakistan Aluminium Beverage Cans recorded strong performances. These stocks added a combined 662 points to the index and prevented a larger decline.
On the other hand, previously high-flying stocks like Systems Ltd, Meezan Bank, Hubco, NBP, and Mari Petroleum saw profit-booking, dragging the index down.
Volume Dips Amid Volatility
Market activity remained subdued compared to earlier in the week. Total traded volume reached 608 million shares, with a traded value of Rs31.6 billion. Pakistan International Bulk Terminal led the volume chart with 53.1 million shares traded.
Traders noted that Friday’s muted activity reflected investor hesitation near record highs and a desire to lock in recent gains.
Outlook: Support at 135,000
Analysts expect the 135,000 level to act as a strong short-term support zone. They believe encouraging corporate earnings, foreign inflows, and monetary easing hopes could attract new buyers around that mark. However, a fall below this threshold might prompt a correction toward 132,000.
Market watchers recommend caution, especially given global economic uncertainties and domestic policy shifts. Still, the broader outlook remains positive as Pakistan’s economy shows signs of gradual stabilization.
Investors Eye Earnings, Inflows
Going forward, market direction will likely depend on second-quarter earnings reports and the continuation of foreign portfolio investments. The current account surplus has already set a positive tone, and analysts believe further economic reforms could attract long-term investors.
While volatility may persist, especially around psychological resistance levels like 140,000, the KSE-100 Index remains in a broader uptrend fueled by improving fundamentals and investor optimism.
Rally on Hold, Momentum Intact
Despite the temporary pause in momentum, the PSX’s long-term trend appears intact. Strong performances by key sectors, improving macro indicators, and sustained investor interest are expected to guide market movement in the coming weeks. The psx remains intact through this,
Traders may continue to book profits near peaks, but dips are likely to be viewed as buying opportunities. With supportive data and resilient earnings, the KSE-100 Index may soon test new highs once again.
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