- Analyst attributes development to improved macro front.
- Total traded volumes reach 904 million shares at close.
- Total market revenue increased to Rs47 billion. during the session.
The Pakistan Stock Exchange (PSX) closed at a new record high on Monday as bulls pushed the bourse to over 170,500 points.
The KSE-100 index ended the trading session on a strong note, closing at 170,741 points, registering a gain of 876 points.
The benchmark remained positive during the day, touching an intraday high of 171,001 points and a low of 170,292 points, reflecting sustained investor confidence and improved market outlook.
Key index heavyweights – PPL, SYS, MLCF, NBP and UBL – led the rally and together contributed approximately 651 points to the index’s overall gain.
Market activity remained brisk, with total traded volumes reaching 904 million shares, while total market turnover rose to Rs47 billion. PIBTL stood out as the most actively traded stock in the session with 123 million shares.
Samiullah Tariq, head of research at Pak-Kuwait Investment Company, explained the reasons behind today’s rise: “Better expectations from the macro front, monetary easing and better expectations of corporate performance are driving the market.”
In a surprise move earlier today, the State Bank of Pakistan (SBP) cut the key policy rate by 50 basis points to 10.5% despite food-driven inflationary pressures and external considerations.
The market has also been broadly positive since the International Monetary Fund (IMF) Executive Board approved a $1.2 billion loan to Pakistan after completing the second review of the country’s economic reform program under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF).
