Records continued to tumble at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 700 points during the opening minutes of trading on Tuesday.
At 10:05am, the benchmark index was hovering at 174,616.32, an increase of 719.98 points or 0.41%.
Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, fertilisers, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, MCB, MEBL and NBP, traded in the green.
In a key development, Pakistan achieved a landmark breakthrough in Islamic finance as the Ministry of Finance (MoF) set a historic record by issuing over Rs2 trillion worth of Sukuk in 2025, the highest-ever Sukuk issuance in a single calendar year since 2008.
The PSX on Monday delivered another strong session, closing at a fresh all-time high as positive investor sentiment continued to drive buying interest. The benchmark KSE-100 Index gained 1,496 points to close at a new all-time high of 173,896 points.
Internationally, Asian shares slipped on Tuesday, tracking Wall Street’s tech slump. At the same time, silver and gold steadied after a sharp pullback from record highs took some froth off the precious metals’ incredible rally.
Also adding to global geopolitical tensions, China launched 10 hours of live-firing exercises around Taiwan on Tuesday.
Liquidity across most markets is thin in a holiday-shortened week, leading to sharp and volatile price swings.
On Tuesday, MSCI’s broadest index of Asia-Pacific shares outside Japan slipped 0.1% but was set for an annual gain of 26.7%, its best performance since 2017.
Japan’s Nikkei eased 0.2% but was also up 26% for the year.
Taiwanese shares lost 0.7% and China’s blue chips fell 0.3% after Beijing’s live-firing exercises around Taiwan.
This is an intra-day update
American Dollar Exchange Rate