Pakistan Stock Exchange hits historic high of 136,000 points amid investor optimism

Dubai: The Pakistan Stock Exchange (PSX) kicked off the trading week with a robust rally, as the benchmark KSE-100 Index surged by 1,841 points (1.37%) to reach a record intraday high of 136,012 points, reflecting growing investor confidence and improving macroeconomic indicators.

According to the Associated Press of Pakistan (APP), the market opened at 134,299.76 points and rapidly climbed over 1,170 points in early trading. By midday, the index had breached the 135,000-point threshold for the first time in history, backed by strong participation in key sectors such as banking, energy, and technology.

Trading volume

Trading volume remained healthy, with 134.88 million shares changing hands, totalling a market value of Rs11.12 billion.

Prime Minister praises milestone

Pakistan Prime Minister Shehbaz Sharif expressed satisfaction over the PSX’s historic performance, calling it a “clear reflection of the business community’s growing trust in Pakistan’s economic direction.”

In a statement issued by the Prime Minister’s Office on Monday, he said the record-breaking market performance was the result of the government’s consistent efforts to stabilise the economy and create a conducive environment for investment.

“The recent positive economic indicators are a testament to our policies moving in the right direction. We have moved from economic stability to a path of sustainable growth,” the Prime Minister stated.

Macroeconomic indicators

The PSX’s record rally follows a week of bullish momentum, underpinned by improving economic fundamentals.

Key drivers included

• Workers’ remittances reaching a historic $3.4 billion in June, up 8% year-on-year, taking total FY25 inflows to $38.3 billion, a 27% annual increase.

• Foreign exchange reserves rising by $1.8 billion to $14.5 billion as of July 4 — the highest in 39 months.

• Strong auto sales, improved investor sentiment, and steady local mutual fund activity also contributed to sustained market confidence.