The PSX continued its strong upward momentum on Tuesday, as buying interest across key sectors pushed the KSE-100 Index beyond the 168,000 mark. Improved investor confidence, better economic indicators, and positive global cues lifted market sentiment.
At 10:20 a.m., the KSE-100 Index was trading at 168,015.96 points, gaining 1,773.06 points, or 1.07%, compared to the previous session. The trading day began on a bullish note, reclaiming the 167,000 level soon after the opening bell. Within the first hour, the index surged over 2,000 points to reach 168,277, a level not seen in months.
Buying momentum was strong in major sectors, including automobiles, commercial banks, fertilisers, oil and gas exploration, power generation, and refineries. Leading shares such as Attock Refinery Limited (ARL), Hub Power Company (HUBCO), Mari Petroleum (MARI), Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO), MCB Bank, and National Bank of Pakistan (NBP) traded in the green.
Economic Factors Boost Market Confidence
Analysts said the ongoing rally at the PSX was supported by improving economic conditions. The State Bank of Pakistan (SBP) reported a $110 million current account surplus in September, compared to a $52 million deficit during the same month last year.
The improvement came from rising remittance inflows, which reached $3.18 billion, marking an 11% annual increase. Pakistan’s IT exports also hit a record high of $1 billion over the past three months, further strengthening investor confidence.
Global Cues Add To Bullish Momentum
The rally at the PSX was also driven by strong performance in regional and global equity markets. Asian stocks rose as easing trade tensions between the United States and China boosted investor sentiment. The MSCI Asia-Pacific Index reached a 4.5-year high, while Shanghai Composite and Hang Seng Index also posted gains.
In Japan, the Nikkei Index climbed to a record high after reports that Sanae Takaichi may become the country’s first female prime minister, improving confidence in Tokyo markets.
Meanwhile, U.S. President Donald Trump said he expected to strike a “fair trade deal” with Chinese President Xi Jinping, which further eased global concerns.
Earlier in the week, the PSX had gained 2,436.69 points, or 1.49%, closing at 166,242.90 points on Monday. That rally followed a diplomatic breakthrough between Pakistan and Afghanistan, which improved overall investor mood.
In other related news also read PSX Surges Past Historic 155,000 Points Milestone
With strong local fundamentals and supportive international trends, analysts expect the PSX to maintain its bullish trend in the coming sessions.
