The Pakistan Stock Exchange (PSX) reached a historic peak on Tuesday, fueled by strong investor confidence after Army Chief General Asim Munir assured business leaders of institutional backing for economic growth during a high-level meeting.
Investor sentiment was further strengthened by the government’s Senate election victory, expectations of monetary easing by the State Bank of Pakistan (SBP), and forecasts of solid corporate earnings.
Read more: Geopolitical Tensions Drag PSX Down Nearly 900 Points
The KSE-100 index surged to an intra-day high of 1,684 points before closing at 139,419.62, gaining 1,202.03 points, or 0.87%.
Ahsan Mehanti of Arif Habib Corp noted that the market’s record performance was driven by assurances from the military to support economic development, alongside political stability and optimism over potential SBP rate cuts and robust earnings reports.
Topline Securities described the trading session as a bullish comeback, highlighting investor optimism ahead of earnings season. The firm noted that renewed confidence contributed to the market’s strong rally and set a positive tone for the week.
Trading volumes rose to 629 million shares from Monday’s 608.2 million, with the total trading value reaching Rs34.7 billion. Out of 478 companies traded, 268 saw gains, 178 declined, and 32 remained unchanged.
First Dawood Properties led trading with 44.1 million shares exchanged, gaining Rs1 to close at Rs7.64 per share.
