The PSX surges over 1,500 points to reach a new high as the positive budget momentum continues

Following Eid ul Azha, the Pakistan Stock Exchange (PSX) saw a significant surge as bulls returned to the market. The benchmark KSE-100 index rose by more than 1,500 points, continuing the upward momentum from the previous week’s budget presentation.

The KSE-100 crossed the 78,000 mark, reaching an all-time high of 78,237 points after gaining 1,531 points, equivalent to a 2 percent increase, within the first 90 minutes of trading. By 11:30 AM, the index was up 1.94 percent or 1,489 points, standing at 78,196.

The rally was driven by the federal government’s decision in the new federal budget to maintain the current treatment of income from capital gains and dividends, without any changes. This move has provided a boost to investor confidence, propelling the market upward.

Read More: The day after the largest single-day rally, PSX briefly surpasses its all-time high of 77,000

Top Volumes

1. Silkbank Limited (PSX: SILK): 33.8 million shares traded.

2. Habib Bank Limited (PSX: HBL): 11.4 million shares traded.

3. K-Electric Limited (PSX: KEL): 11.2 million shares traded.

These companies saw the highest participation, reflecting strong investor interest and trading activity on the exchange.