Karachi( The COW News Digital) The Pakistan Stock Exchange (PSX) witnessed a historic day on Friday as the benchmark KSE-100 index soared to an unprecedented high, marking one of the most bullish sessions in the country’s financial history.
At the start of the final trading day of the week, the index surged by a remarkable 1,794 points, pushing the KSE-100 to a record level of 140,460 points. This bullish momentum followed a strong performance from the previous session, where the index had already gained 2,285 points, closing at 138,665 points — then a record in itself.
Investor sentiment remained upbeat amid renewed optimism surrounding macroeconomic stability, favorable corporate earnings forecasts, and signs of political clarity ahead of the upcoming general elections. Market analysts attributed the surge to a combination of strong foreign interest, improved investor confidence, and a relatively stable currency environment.
Blue-chip stocks across the banking, energy, cement, and technology sectors led the rally, with heavy volumes traded throughout the day. Brokers noted that institutional investors, both domestic and international, played a key role in driving market momentum.
“This is a milestone moment for Pakistan’s capital markets,” said one senior trader. “We’ve not only seen record highs but also healthy trading volumes and investor participation, indicating strong underlying confidence.”
On the currency front, the interbank market saw marginal appreciation of the Pakistani rupee. The US dollar dropped by 3 paisas, bringing its rate down to Rs. 284.94. The minor gain in the rupee also contributed positively to overall market sentiment.
Economists are cautiously optimistic, noting that while these numbers signal resilience in the economy, long-term sustainability will depend on structural reforms, continued fiscal discipline, and political continuity. They also warn against complacency, highlighting the importance of supporting industrial productivity and export competitiveness to maintain investor confidence.
The PSX’s historic climb comes at a time when regional markets are showing mixed trends, and global economic indicators remain uncertain. Despite external challenges, Pakistan’s stock market performance today stands as a testament to growing investor faith and the potential for future growth.
