The Pakistan Stock Exchange (PSX) continued its bullish streak on Tuesday, with the KSE-100 index surging by 1,176 points to reach a fresh all-time high of 137,678.91. This marks a 0.86% increase, following Monday’s strong rally of over 2,200 points. The market opened positively and maintained its upward momentum, reflecting strong investor confidence and improving economic indicators.
Experts credit this growth to several key factors including rising workers’ remittances, stronger foreign exchange reserves, and an increase in auto sales. Moreover, the International Monetary Fund’s (IMF) growing trust in Pakistan’s economic policies has further boosted investor sentiment. These developments, combined with stable governance, are driving optimism across the financial landscape.
Compared to the previous session, trading activity also saw a notable boost. On Tuesday, 841 million shares changed hands, up from 765 million a day earlier. However, the total share value dropped slightly to Rs 37.05 billion from Rs 40.16 billion. Out of 475 active companies, 264 saw gains, 195 faced losses, while 16 remained unchanged, reflecting a mostly positive market tone.
Adding to the momentum, Prime Minister Shehbaz Sharif applauded the PSX’s historic performance and linked it to the government’s economic progress. He stated that such achievements signal growing trust from the business community. The Prime Minister reaffirmed the government’s dedication to providing a supportive environment for investors and businesses alike.
Furthermore, the premier emphasized that Pakistan is moving steadily towards economic growth after stabilizing its financial position. With ongoing efforts focused on development and public welfare, the government remains committed to improving national prosperity. As a result, the PSX’s upward trend could continue in the days ahead, given the sustained economic progress.