The bulls dominated the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 Index soared past the 145,000 mark, reaching an all-time high.
At 3:30pm, the KSE-100 stood at 145,113.59 points, up 2,076.43 points or 1.45%, reflecting overwhelming investor interest across multiple sectors.
Key sectors lead the rally
Buying activity was particularly strong in key sectors such as automobile assemblers, commercial banks, oil and gas exploration companies, and refineries. Index-heavy stocks like OGDC, POL, ARL, SNGPL, SSGC, MCB, MEBL, and UBL all traded in the green.
Market watchers attributed the rally to improving macroeconomic indicators, controlled inflation, and a stable currency, all of which have renewed confidence in the equity market.
Record-breaking momentum continues
This marks the second consecutive day of record-setting gains. On Tuesday, the index had closed at 143,037.17 after gaining nearly 1,000 points. The momentum continued strongly into Wednesday’s session, with the index not only breaking the 144,000 barrier but also surging past 145,000 for the first time in history.
Why investor confidence is rising
Several factors appear to be fueling this bullish trend:
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Stable inflation and rupee exchange rate
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Rising textile exports, which grew 33% in July
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Positive geopolitical signals, including improving ties with the US
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Investor optimism over corporate earnings
Experts believe this combination of internal stability and external confidence has set the stage for continued market performance.
