Pakistan Stock Exchange (PSX) made history Thursday by crossing the 138,000-point mark for the first time, setting a new record of bullish growth during trading hours.
The benchmark KSE-100 index surged by 1,753 points, reaching an unprecedented 138,133 points. Earlier, the market had recorded an intra-day high of 137,747 points on July 15, but today’s rally shattered that record with strong investor participation.
The bullish momentum was driven by heavy buying in the energy, oil, fertilizer, and pharmaceutical sectors, boosting overall market sentiment. Trading began with an increase of 300 points and continued to gain momentum, breaking the psychological barrier of 137,000 points early in the session.
Throughout the day, the market posted multiple milestones:
- A gain of 666 points shortly after the session opened.
- An increase of 1,072 points pushing the index to 137,452 points.
- A climb of 1,475 points raising the index to 137,855 points.
- A final leap of 1,753 points, closing at the record level of 138,133 points.
Market analysts link the surge to investors’ optimism over the upcoming monetary policy, where an interest rate cut is expected in the policy announcement scheduled for July 28. However, some caution persists due to the dollar hitting a 20-month high, which could impact market dynamics.
Today’s performance follows three range-bound sessions, with investors capitalizing on favorable market signals and sectoral gains, marking a historic day for Pakistan’s capital markets.
