The Bullish Start of Fiscal Year 2025–26 at Pakistan Stock Exchange
The Pakistan Stock Exchange (PSX) kicked off the new fiscal year 2025–26 on a high note, with the benchmark KSE-100 Index soaring by an impressive 2,300.18 points during intra-day trading. As of now, the index sits at 127,927.49, marking a 1.83% increase from the previous close of 125,627.31. The market witnessed an intraday high of 128,149.46, while it dipped to a low of 126,113.27 at one point during the trading session.
The buzz in the market is palpable, with a total traded volume of 198.08 million shares, translating to a trading value of Rs16.83 billion. Such high volumes indicate robust investor interest and confidence.
Why the Surge?
Analysts are attributing this bullish rally to a combination of factors, primarily positive investor sentiment driven by signs of economic and political stability. Optimism surrounding fiscal reforms outlined in the federal budget has done wonders for market confidence. Notably, PSX ended the previous fiscal year 2024-25 on a record high, with the KSE-100 index climbing a notable 1,248 points, approximately 1%.
In the words of Ahsan Mehanti from Arif Habib Corp, the recent momentum has been fueled by the rollover of $3.4 billion financing from China, which has bolstered foreign exchange reserves and provided much-needed stability to the rupee.
Record Trading Days
With the fiscal year wrapping up, the local bourse has seen extraordinary growth. The KSE-100 index reached an intraday high of 1,369 points before finally closing at 125,627. Investors can celebrate as 71 shares in the market rose, while only 29 fell, highlighting a predominantly positive trend. Key players like FFC, HBL, and Bank AL Habib significantly contributed to the index’s gains.
In total, shares from 481 companies were traded. Of these, 297 stocks closed higher, showcasing a strong bullish sentiment among investors.
Moving Forward
As we dive deeper into the new fiscal year, all eyes will be on how this momentum sustains itself. Many investors are hoping for continued stability and growth, especially in light of the recent reforms and optimistic forecasts.
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