The Pakistan Stock Exchange (PSX) reached a historic milestone on Wednesday as the KSE-100 index crossed 130,000 points for the first time ever. The index jumped by 2,145 points, closing at 130,344.03. This record-breaking surge was mainly driven by strong buying activity in the banking and telecom sectors.
Investors showed renewed confidence due to several positive factors, including lower returns on government bonds, a stable exchange rate, reduced chances of default, and hopes for strong corporate earnings in the coming months. Key stocks that led the rally were from the banking sector, including UBL, MCB, Bank AL Habib, Meezan Bank, HBL, and NBP.
While the index gained significant ground, the total number of shares traded during the session saw a slight drop, reaching 1.026 billion. Market activity showed a healthy mix, with 256 stocks gaining value, 192 declining, and 25 staying unchanged.
This strong performance reflects investor optimism about Pakistan’s economic outlook. The surge suggests that market players are hopeful about financial stability and profit growth in major sectors. Experts believe that if these positive trends continue, the market could see even more gains in the coming days.
