KSE-100 Index Hits Historic High of 99,091 Points

PSX Bull Run: KSE-100 Index Reaches Unprecedented High

The Pakistan Stock Exchange (PSX) witnessed a historic rally on Friday, with the KSE-100 index surging by 1,762.80 points (1.81%), reaching a record-breaking intra-day high of 99,091.19 points. This impressive performance extended the bullish momentum seen in recent sessions, showcasing growing investor confidence.

Key Drivers Behind the Surge

The record-breaking rally was fueled by optimism surrounding Pakistan’s macroeconomic outlook. Analysts cite several factors contributing to the market’s positive sentiment, including:

• Economic reforms and fiscal policies bolstering investor confidence.
• Strong buying activity in fertiliser stocks, particularly Fauji Fertiliser Company and Engro Fertilisers.
• Rising foreign exchange reserves, improved remittances, and a current account surplus.
• Speculation about privatisation of state enterprises and structural reforms.

Sector Performance

The fertiliser sector was the highlight of the session, with major contributors including:

• Fauji Fertiliser Company (+10%)
• Engro Fertilisers (+5.29%)
• Engro Corporation (+4.12%)

Other sectors, such as pharmaceuticals, exploration and production (E&P), and technology, also drew significant investor interest.

Market Activity

The session saw 969.9 million shares traded, with a total value of Rs35.2 billion. Out of 457 companies traded, 249 stocks closed higher, while 167 fell, and 41 remained unchanged.

Top Volume Leaders

1. WorldCall Telecom: 95.6 million shares (+Rs0.1 to close at Rs1.38).
2. Pace Pakistan: 51.5 million shares (+Rs0.32 to close at Rs5.81).
3. Kohinoor Spinning Mills: 48.3 million shares (-Rs0.58 to close at Rs8.40).

Looking Ahead

The KSE-100’s remarkable performance demonstrates the growing optimism in Pakistan’s stock market. With the 100,000-point milestone within reach, analysts recommend a buy-on-dips strategy, focusing on sectors like fertiliser, pharmaceuticals, E&P, and technology.

The PSX’s continued upward trajectory reflects a resilient market responding positively to economic improvements. However, sustained growth will require further reforms and stability in key economic indicators.