The Pakistan Stock Exchange (PSX) reached a historic milestone as the KSE-100 index closed above 150,500 points for the very first time. The strong rally was supported by Moody’s recent upgrade of local banks’ ratings and encouraging corporate earnings, both of which boosted investor confidence.
Market activity remained positive throughout the session, with healthy inflows from overseas remittances, steady export performance, and a controlled current account deficit for July adding to the optimism.
Strong buying from local institutions further pushed the index upward, helping it gain 820 points (+0.55%). By the end of the day, the benchmark index settled at 150,591 after touching an intra-day high.
Analysts highlighted that investor sentiment continues to stay strong, supported by expectations of economic stability and upcoming corporate announcements. They noted that the combination of favorable economic indicators and resilient financial results is encouraging investors to remain active in the market.
The upward trend has created a bullish momentum, with no immediate signs of slowdown. According to market watchers, the PSX is likely to maintain its positive trajectory if stability continues on the economic front and companies keep delivering solid results.
This landmark achievement of crossing 150,500 points not only reflects growing confidence in Pakistan’s economy but also signals that the equity market is positioned for further growth.
With strong fundamentals, active participation, and supportive policies, the stock exchange is expected to remain a key driver of financial optimism in the months ahead.
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