KARACHI; The Pakistan Stock Exchange (PSX) extended its historic upward momentum for the fifth straight session on Thursday, adding over 550 points amid strong investor sentiment and optimism surrounding corporate earnings.
The benchmark KSE-100 index surged by 992.53 points (0.68%) to hit an intraday peak of 146,081.02 at 12:37pm, compared to the previous day’s close of 145,088.49. However, the market saw slight fluctuations during the day, retreating to 145,613.09 points by 3:09pm. It eventually closed at 145,647.13, up by 558.64 points or 0.39%.
Investors were actively buying stocks of companies that had posted strong earnings or were expected to show robust profits. “Investor interest in fundamentally strong companies is driving the index to new highs,” broker commented.
He also highlighted the positive impact of the United States’ recently announced 25% additional tariffs on certain Indian goods, saying it has “further boosted market sentiment.”
Looking ahead, he projected that the KSE-100 index could reach 165,215 points by December 2025, citing sustained earnings growth, falling fixed income yields, and a relatively stable exchange rate as key drivers.
Reacting to the PSX’s continued rally, Prime Minister Shehbaz Sharif said on Wednesday that the stock market’s performance was a “reflection of investor confidence in the government’s economic policies.”
