The Pakistan Stock Exchange (PSX) surged to a historic high on Tuesday, with the KSE-100 index jumping over 900 points during intraday trading. The bullish momentum came as investors anticipated favorable fiscal measures in the upcoming federal budget, lifting market sentiment sharply.
Following a pause due to Eid holidays, the market opened strong and continued its upward trajectory. By mid-morning, the index had already gained over 500 points, and later peaked at 122,558 — setting a new all-time high. The rally was underpinned by strong performances in banking, energy, and fertiliser stocks.
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Heavyweights such as HBL, MCB, Meezan Bank, Pakistan Refinery Limited, and Mari Petroleum were among the top contributors to the market’s gains. Analysts noted that expectations around corporate tax relief and development spending in the budget helped drive widespread buying.
Federal Finance Minister Muhammad Aurangzeb is slated to present the Rs17.6 trillion federal budget for 2025–26 later today. Investors are closely watching for signals on tax policies and IMF negotiations, which are likely to shape economic strategy in the coming months.
Global cues also supported the rally, with Asian markets climbing amid renewed optimism over US-China trade talks. The broader PSX trend remains positive, having gained nearly 2,000 points last week despite a shortened trading schedule.
