KARACHI – The Pakistan Stock Exchange (PSX) hit a new all-time high on Friday, with the KSE-100 Index soaring to 161,688 points in intraday trade, gaining 2,401 points (1.51%) from the previous close.
Analysts said the rally was driven by strong liquidity inflows, an improved geopolitical outlook, and signs of economic stability. Optimism about the IMF program and better relations with key partners—including China, Saudi Arabia, and the US—also boosted investor confidence.
Muhammad Saad Ali of Lucky Investment said investor sentiment is at its “highest level in many years,” noting the 160,000 milestone was expected by year-end but has already been achieved.
Independent analyst AAH Soomro welcomed the rally but advised caution, saying sharp one-way gains often lead to corrections.
The surge coincides with Pakistan’s ongoing talks with the IMF, which has raised concerns over a Rs1.2 trillion tax shortfall. Meanwhile, Islamabad secured $1.37 billion in external loans in July–August, including $200m from Saudi Arabia and $780m from multilateral lenders.