The Pakistan Stock Exchange (PSX) maintained its bullish trend on Friday, with the KSE-100 index crossing the 131,000 mark for the first time in history. During intraday trading, the index surged by 593.89 points, reaching 131,280.54 — a gain of 0.45 percent. This rise reflects growing investor confidence, fueled by strong foreign exchange reserves and positive expectations from the new fiscal year’s budget.
A day earlier, the benchmark index also witnessed healthy gains, adding 342.63 points and closing at 130,686.66. Market activity remained robust, with a total of 899.8 million shares traded, worth over Rs 43 billion. Out of 468 active companies, 216 recorded gains, 236 saw losses, while 16 companies remained unchanged.
The rally comes as Pakistan’s foreign exchange reserves show a noticeable improvement. According to the State Bank of Pakistan (SBP), total liquid reserves now stand at $18.09 billion, with $12.72 billion held by the central bank as of June 27. This sharp rise is linked to inflows from multilateral and commercial loans.
Moreover, SBP reported a significant increase in reserves for the full fiscal year 2024–25. The central bank’s reserves grew by $5.12 billion, closing the year at $14.51 billion compared to $9.39 billion the previous year. This growth reflects a better current account balance and successful realization of planned inflows.
On a weekly basis, the SBP reserves jumped by $3.66 billion, supported by recent government loan receipts. Meanwhile, commercial banks held $5.36 billion in foreign exchange, contributing to the country’s overall strong reserve position. This positive financial outlook has boosted investor sentiment in both local and foreign markets.
With reserves climbing and the stock market breaking new records, the economic outlook appears encouraging. Investors continue to show interest across sectors, hoping for further stability and growth in the coming months. The momentum at PSX reflects not only financial optimism but also confidence in the government’s economic management.