The Pakistan Stock Exchange (PSX) set a new record on Thursday as the benchmark KSE-100 index crossed the 138,000-point mark for the first time. This major milestone reflects growing investor confidence and strong market momentum.
During the trading session, the KSE-100 index gained 1,753 points. It closed at an all-time high of 138,133 points. This came after a series of strong gains throughout the day. The market opened with a 300-point jump and continued to rise steadily.
In the early hours of trading, the index rose by 666 points. Later, it surged by 1,072 points to reach 137,452. It then climbed to 137,855 before reaching the final peak of 138,133 points. The previous intra-day high was 137,747 points, recorded on July 15.
The rally was supported by heavy buying in several key sectors. These included oil, energy, fertilizers, and pharmaceuticals. Investors showed strong interest, helping the PSX maintain positive momentum through the session.
Analysts say the surge was driven by expectations of a possible interest rate cut. The State Bank of Pakistan is set to announce its monetary policy on July 28. Market participants are hopeful that lower rates will support business growth and stock performance.
However, some concerns remain. The US dollar recently hit a 20-month high, which could affect investor sentiment in the coming days. Still, Thursday’s strong performance marks a historic day for the PSX.
This sharp rise comes after three quiet trading sessions. Investors appear to have responded to favorable economic signals and sector-specific gains.
With the PSX now at record levels, all eyes are on future policy decisions. These will likely play a key role in shaping the market’s direction in the weeks ahead.
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