KARACHI – The Pakistan Stock Exchange (PSX) witnessed a record-breaking session on Wednesday, with the KSE-100 Index crossing the 123,000 mark for the first time. The surge came a day after the federal budget for FY2025-26 was presented, which was largely welcomed by investors.
By 9:40am, the KSE-100 stood at 123,463.86 points, gaining over 1,400 points in early trading. The index opened strong at 123,415.60 and reached an intraday high of 123,723.20, driven by positive market sentiment and investor confidence.
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A key factor behind the rally was the budget’s avoidance of major tax shocks. The decision to maintain the capital gains tax at 15% helped sustain investor optimism, while economic targets such as 4.2% GDP growth and a 3.9% fiscal deficit boosted outlooks.
The federal budget carries a total outlay of Rs17.573 trillion and projects a primary surplus of 2.4%. Analysts believe the budget signals a stable fiscal policy, encouraging increased market activity and renewed investor participation.
