The stock market continued to trade with record highs on Tuesday with gains driven by strong financial results, institutional purchases and optimism over the completion of US investment obligations under the newly signed trade agreement.
“Shares closed to new high times high in the midst of strong financial results and speculation about positive results of finer details about US investments under Pak US Trade Deal,” said Ahsan Mhanti, CEO and CEO of ARIF Habib Commodities.
“$ 3.2 billion record transfers in July ’25, rupee stability and expectations of increase in exports in India US Tariff conflict played catalyst role in record bullish close to PSX,” he added.
Pakistan Stock Exchange’s (PSX) Benchmark KSE-100 index hit an intraday height of 147,976.98 points and got 1,047.14 points or 0.71%from the previous end of 146,929.84. The low of the session was registered at 147,309.18 points, up 379.34 points or 0.26%.
“Investments from mutual funds carry the market forward in the light of good results, which improves US conditions and macroeconomic conversion. Some positivity also expected due to circular debt resolution,” added Aah Soomro, an independent investment and economic analyst.
Pakistan and the United States are in the last stages of discussions to determine the finer details of their trade agreement that include investment flows, Bloomberg Reported citation by Minister of State Finance Bilal Azhar Kayani.
The government is looking for improved customs duty changes on selected exports based on last month’s 19%customs agreement, which came as a bond between Islamabad and Washington.
On the domestic political front, the government has advanced reforms of the electricity sector and reduced circular debt with RS780 billion to RS1.6 trillion.
The National Assembly was informed that the total circular debt amounted to RS2.47 trillion from May 2025, with RS1,275 billion being arranged through a six-year loan for 3-month kibor minus 0.9%, served via the existing debt service Supplementary fee (DSS) on the electricity calculations.
Measures to prevent its resurrection includes customs negotiations with IPPs, privatization of four distribution companies, efficiency improvements to reduce technical losses and least costs for capacity.
Business mood has reached its most optimistic level of almost four years, according to Gallup Pakistan’s 2nd quarter 2025 Business Confidence Survey. ‘The direction of the country’s score’ improved to -2% from deeply negative levels by the end of 2024, with 46% of the respondents assessing the Pakistani Muslim League -Nawaz financial management as better than its predecessor, up from 24% a year ago.
On Monday, the benchmark KSE-100 index rose by 1,547.05 points, or 1.06%, to 146,929.84 points from 145,382.8 points registered in the last session. Today’s highest index remained at 147,005,18 points, while the lowest level was registered at 145,258.50 points.
