The market began the day with a surge of 547 points, pushing the index to 93,903 points.

As investor confidence grew, the market continued its upward momentum, reaching a peak of 94,217 points with a gain of 816 points at one point.

By 12 PM, the KSE-100 index had risen by 799 points, reaching 94,154 points.

This follows a strong start to the business week, where the index had already crossed the 94,000 mark.

Ealier, Pakistan Stock Exchange (PSX) on Wednesday entered a consolidation phase after breaking many all-time high records in recent weeks and closed with a modest gain of 131 points on investor interest mainly in second and third-tier stocks.

The KSE-100 index oscillated between the high of 93,804 points and low of 92,943 points, before closing the day with some recovery, driven by a robust car sales data and easing fears of a mini-budget announcement. It came despite hefty stock selling by foreign investors.

In the morning, the market was pulled down to the intra-day low by profit-taking, however, it soon recovered owing to buying interest in selected stocks, which took the index into the positive territory.

“Stocks showed some recovery on the back of second and third-tier shares because of their strong valuations,” said Ahsan Mehanti, MD of Arif Habib Corporation.

“Upbeat data of car sales that surged 112% year-on-year in October and FBR’s assurance to the IMF about dropping contingency measures for a mini-budget played the role of catalysts in positive close at the PSX,” he said.

At the close of trading, the benchmark KSE-100 index recorded an increase of 130.86 points, or 0.14%, to 93,355.43.

Topline Securities, in its review, wrote that trading activity remained strong throughout the day, with 806 million shares changing hands, valuing at Rs31 billion.

It said the market exhibited a consolidation phase, with the KSE-100 index reaching the peak of 93,804 and dipping to the low of 92,943, before settling at 93,355, up 131 points.

Notably, consistent buying by mutual funds supported the market in the recent rally.

The index was boosted by positive contribution from Mari Petroleum, Lucky Cement, The Searle Company, Engro Corp and Pakistan Oilfields, which collectively added 461 points.

Conversely, Oil and Gas Development Company, Fauji Fertiliser Company and Meezan Bank experienced some profit-taking, resulting in a combined loss of 213 points, Topline added.

In its research report, AHL commented that Wednesday’s trading session was unpredictable, with the KSE-100 index consolidating within the 92,000-94,000 range.

A total of 40 stocks rose, while 57 declined. Among the top contributors to the index gains were Mari Petroleum (+7.07%), Lucky Cement (+2.89%) and The Searle Company (+10%), it said.

Among corporate developments, Bank Alfalah (-0.01%) withdrew its buy offer for Samba Bank (-9.13%) after Saudi National Bank terminated the process of selling its 84.51% shareholding in Samba Bank, AHL reported.

In addition, Rousch Power approved a negotiated settlement to end its power purchase agreement, which was originally due to expire in 2032, and receive payments till the end of December 2024, AHL added.

JS Global analyst Mubashir Anis Naviwala wrote that initially the market experienced some consolidation, with the index reaching the intra-day low of 92,943.

However, he said, bulls took charge and the market began to recover, hitting the high of 93,803 points. The KSE-100 index ultimately closed at 93,355, gaining 131 points.

Overall trading volumes increased to 807.1 million shares compared with Tuesday’s tally of 792.9 million. The value of shares traded during the day was Rs31.7 billion.

Shares of 450 companies were traded. Of these, 196 stocks closed higher, 191 fell and 63 remained unchanged.

WorldCall Telecom was the volume leader with trading in 43.3 million shares, losing Rs0.01 to close at Rs1.26.

It was followed by Waves Home Appliances with 33.2 million shares, gaining Rs0.90 to close at Rs8.79, and Pakistan Refinery with 31.5 million shares, remaining unchanged at Rs26.88.

During the day, foreign investors sold shares worth a net Rs1.39 billion, according to the NCCPL.

The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend at the start of the new trading week, with the benchmark KSE-100 Index surging to unprecedented levels.

The index rose by 551 points, reaching an all-time high of 93,845 points, marking the highest level in the stock market’s history.

The trading session opened with robust gains, pushing the KSE-100 Index up by 408 points early on, bringing it to 93,700 before further gains propelled it even higher.

Also Read: PSX-100 index hits historic high, crosses 93,000 points

For the first time in history, the Pakistan Stock Exchange (PSX) surged past the 93,000-point milestone on Friday, as the KSE-100 index rose by 480 points, reaching a record high of 93,001 points.

Economists attribute the market’s growth to the anticipation of Pakistan’s improved economic rating and positive outlook on economic reforms. The session opened on a high note, with the 100 index initially gaining 250 points, climbing to 92,770 points before the day’s peak. The market closed the previous day at 92,520 points.

The Pakistan Stock Exchange (PSX) continued its upward momentum on the last business day of the week, as the KSE-100 index surged by 619 points, reaching an all-time high of 93,140.26 points as of 1:00pm during intra-day trading.

The KSE-100 index climbed 619.78 points, or 0.67%, hitting the record level of 93,140.26 during intra day trading with previous day’s closing of 92,520.48.

The market opened with a promising rally, reaching a high of 93,141.70 during intra-day trading, with a low of 92,566.49.

The day’s trading volume reached 146,122,445 shares, with a total transaction value of approximately PKR 8.53 billion.

Earlier, Bulls made a strong comeback at the Pakistan Stock Exchange (PSX) on Thursday, sending the KSE-100 index soaring by nearly 500 points to a fresh record high, as investors expected a credit ratings upgrade and injection of fresh Saudi investment.

The market also received a boost from the fall in Sukuk yield and inclusion of several Pakistani companies in the MSCI Frontier Markets Small Cap Index, which would further attract global investors and accelerate foreign fund inflows.

Meanwhile, attention was focused on the upcoming visit of an International Monetary Fund (IMF) review mission, scheduled for next week, to assess Pakistan’s performance under the $7 billion Extended Fund Facility.

During the day, the KSE-100 oscillated between the intra-day low of 92,185.69 and the intra-day high of 92,694.54.

“Stocks closed at an all-time high as investors anticipated a ratings upgrade following finance minister’s assurance of macroeconomic stability. The MSCI is also set to revise Pakistan’s standard index weight to 4.4% on November 26, reflecting an outperforming market and improved liquidity,” said Ahsan Mehanti, MD of Arif Habib Corp.

“Falling lending rates, over $3 billion in remittances for October and a surge in exports were major catalysts for the record close at the PSX,” he added.

At the end of trading, the benchmark KSE-100 index posted a healthy growth of 499.05 points, or 0.54%, and settled at 92,520.49.

Topline Securities, in its commentary, stated that the KSE-100 index opened on a positive note and reached its intra-day high of 673 points.

It was driven by the recent Ijara Sukuk auction, where the cut-off yield on one-year bonds fell to 10.99%, which signalled a potential decline in yields across all tenors in the upcoming T-bills and PIB auctions, it said.

Following the prime minister’s visit to Saudi Arabia, a delegation led by the energy minister had been sent, with new Saudi investment expected, including in the Reko Diq mining project.

“This has sparked investors’ interest in Oil and Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL),” Topline added.

Arif Habib Limited, in its report, wrote that the KSE-100 was starting to pull away from the 92,000 mark and heading into the last session of the week it was up 1.8% week-on-week.

Dawood Hercules Corporation (+7.58%), OGDC (+2.62%), and Engro Corporation (+2.92%) were the biggest contributors to the index gains, while Systems Limited (-2.04%), Habib Bank Limited (-1.4%) and MCB Bank (-0.83%) were the largest drags, it said.

AHL mentioned that the MSCI added eight Pakistani companies and deleted one from its Frontier Markets Small Cap Index. With this, Pakistan’s weight in the MSCI Frontier Markets Index reaches around 4.5% and in the Small Cap Index, it stands around 10%.

JS Global analyst Mubashir Anis Naviwala wrote that positive economic signals and rupee stability helped bolster investors’ confidence, leading to a strong trading session on Thursday.

The KSE-100 closed in the green, supported by optimism across key sectors. Trading volumes reached 679 million shares, where significant activity was seen in fertiliser, oil and gas exploration, and power generation and distribution sectors, the analyst added.

Overall trading volumes decreased to 678.8 million shares compared with Wednesday’s tally of 889.2 million. The value of shares traded during the day was Rs24.8 billion.

Shares of 449 companies were traded. Of these, 257 stocks closed higher, 145 fell and 47 remained unchanged.

The Bank of Punjab was the volume leader with trading in 62.9 million shares, gaining Rs0.36 to close at Rs6.57. It was followed by Kohinoor Spinning Mills with 46.5 million shares, gaining Rs0.54 to close at Rs7.83 and K-Electric with 34.7 million shares, gaining Rs0.16 to close at Rs4.80.

During the day, foreign investors bought shares worth Rs30.98 million, according to the NCCPL.

The Pakistan Stock Exchange (PSX) soared to unprecedented levels on Monday, approaching the 92,000-point mark for the first time.

The KSE-100 Index rose by 1,022 points, reaching an all-time high of 91,881 points, breaking its previous intraday record of 91,872 points.

“The stock exchange’s performance today is a milestone and signals a robust outlook for investors,” noted a senior market analyst. “If economic indicators remain steady, we may see further upward momentum in the coming days.”

Earlier in the day, the PSX started the business week on a strong note, witnessing a significant bullish trend that saw the benchmark index rise by 786 points.

This surge restored the 91,000-point mark, bringing the KSE-100 Index to 91,645 points, a level last seen during strong market periods.

“The recent upward trend is a positive signal for investors and reflects growing confidence in Pakistan’s economic recovery. If this momentum holds, we could see further gains in the coming days,” noted a senior financial analyst.

Meanwhile, the State Bank of Pakistan is scheduled to announce the new monetary policy today as it is expected that the interest rate would be reduced by two to 2.5%.

A meeting of the Monetary Policy Committee of State Bank will be held in Karachi under the chairmanship of the bank’s governor. In the meeting, the international situation, including the micro and macroeconomic situation of the country, will be reviewed.

Inflation has been predicted to reach 6.5% in October. According to sources, the rupee is stable and domestic foreign exchange reserves are at the highest level in 30 months.

The Pakistan Stock Exchange (PSX) continued its bullish momentum, with the benchmark KSE-100 Index reaching new highs.

The index surged by 600 points, crossing the 86,000 mark to close at 86,100 points, marking a significant milestone in market activity.

Earlier in the day, the KSE-100 Index had traded up 335 points, settling at 85,818 points before continuing its upward trajectory. The rally is driven by investor optimism, bolstered by positive economic indicators and strong performances across key sectors.

Market analysts attribute this surge to renewed confidence in the market, with increased foreign investment and positive corporate earnings reports fueling the bullish sentiment. Traders expect the market to sustain its upward trend in the coming days.

The PSX continues to draw attention from both local and international investors, with high liquidity and growing investor participation driving record-breaking trading volumes.

The Pakistan Stock Exchange (PSX) has achieved a remarkable milestone, as it crossed the 85,000-point mark for the first time in its history, marking a significant moment in the country’s financial markets.

On Tuesday morning, the benchmark KSE-100 index surged by 500 points, pushing it to an all-time high of 86,410 points. This historic rise reflects growing investor confidence and highlights the resilience of the Pakistani economy despite global economic challenges.

Market analysts attribute this rally to several factors, including improved investor sentiment, stable macroeconomic indicators, and positive developments in sectors such as banking, energy, and technology. Additionally, the government’s recent economic reforms and measures to stabilize the rupee have contributed to the market’s strong performance.

Last week also, the PSX set a new record, crossing the 83,000-point mark for the first time in history. The market surged by 282 points in Friday’s trading session, reaching 83,003 points.

The PSX’s steady climb in recent months had been fuelled by favourable economic policies and robust corporate earnings, positioning the stock exchange as a key player in the region’s financial markets.

The Pakistan Stock Exchange (PSX) witnessed a decline on Friday, with the benchmark KSE-100 Index falling by 198 points. The index is currently trading at 81,459 points.

The dip comes after a period of relative stability, prompting market participants to keep a close eye on upcoming economic developments and corporate earnings reports.

On Thursday, the Pakistan Stock Exchange (PSX) surged to an all-time high, driven by positive market sentiment following the approval of the International Monetary Fund (IMF) loan program.

The market continued its upward momentum, with the index hitting a peak of 83,000 points at one stage. This marks the highest point the stock market has ever reached.

The benchmark KSE-100 Index recorded a sharp rise of 450 points, reaching a record level of 82,700 points during the trading session.

The IMF’s approval of the loan program has been seen as a major boost for the country’s financial health, contributing to a surge in trading activity and an increase of over 600 points in the stock market at the start of trading on Thursday. With an increase of 635 points in the KSE100 Index, the stock market reached a record of 82,900 points.

The Pakistan Stock Exchange (PSX) surged to an all-time high on Thursday, driven by positive market sentiment following the approval of the International Monetary Fund (IMF) loan program.

The market continued its upward momentum, with the index hitting a peak of 83,000 points at one stage. This marks the highest point the stock market has ever reached.

The benchmark KSE-100 Index recorded a sharp rise of 450 points, reaching a record level of 82,700 points during the trading session.

The IMF’s approval of the loan program has been seen as a major boost for the country’s financial health, contributing to a surge in trading activity and an increase of over 600 points in the stock market at the start of trading on Thursday. With an increase of 635 points in the KSE100 Index, the stock market reached a record of 82,900 points.

Market analysts attributed the bullish sentiment to expectations of increased liquidity and economic reforms supported by the IMF, which is expected to strengthen Pakistan’s financial position in the long run.

On Wednesday night, the IMF Executive Board approved a $7 billion loan for Pakistan under the Expanded Fund Facility (EFF), and immediately released nearly $1 billion to help Pakistan address its economic challenges and restore macroeconomic stability.

In a statement announcing the new loan program, which spans 37 months, the IMF noted that Pakistan’s economic growth rate has reached a modest 2.4% in the last fiscal year, and inflation fallen significantly to single digits.

This improvement was largely driven by activities in the agricultural sector and the implementation of adequate fiscal and monetary policies, which helped keep the country’s current account deficit under control. This allowed the foreign exchange reserves to improve again, while the decline in inflation reflects an improvement in the internal and external conditions.

The Pakistan Stock Exchange (PSX) witnessed a significant upward trend today, with the benchmark index crossing the 81,000-point mark for the first time in over two months.

The market opened with a strong bullish sentiment, driven by investor confidence, and continued to gain momentum throughout the trading session.

As of midday trading, the KSE-100 Index had surged by 1,202 points, reaching 81,663 points. This marks a notable recovery for the market, which had been hovering below the 80,000-point threshold for the past two months and 10 days.

The rally began right from the start of the business day, with the index initially climbing by 705 points to reach 81,166 points. The upward trajectory continued as the session progressed, with the index gaining an additional 1,094 points, ultimately closing at 81,555 points.

This positive trend comes as Pakistan’s economy received a welcome boost, with the country’s current account recording a surplus of $75 million in August. This reversal of fortunes is attributed to the record increase in remittances from overseas Pakistanis.

According to data released by the State Bank of Pakistan (SBP), the current account deficit in July stood at $246 million, making the August surplus a remarkable turnaround. This development is expected to bring stability to Pakistan’s economy.