The Pakistan Stock Exchange (PSX) continued its historic bull run on Wednesday, with the benchmark KSE-100 Index crossing the 152,575 mark for the first time in history, fuelled by robust buying across key sectors and improved investor sentiment.
The bullish streak marks the third consecutive day of record-breaking gains, following Tuesday’s close at 150,975 points.
Cement, banks and energy lead surge
Heavy buying was witnessed in cement, commercial banks, fertiliser, oil and gas exploration, power generation and refinery sectors. Index-heavy stocks including HUBCO, ARL, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC and WAFI traded firmly in the green.
“The rally is driven by improving macro stability and robust corporate earnings,” said a market expert.
Global market backdrop
The surge at the PSX comes amid mixed signals in international markets. A global slide in long-dated bonds continued into Asia, while gold touched a new peak as concerns over government debt and slowing growth persisted.
Japan’s 30-year government bond yield hit an unprecedented 3.255 percent, while the Nikkei index fell 0.5 percent after fresh US manufacturing data showed contraction. Australia’s ASX 200 also dipped 0.9 percent following weaker-than-expected GDP figures.
Meanwhile, US President Donald Trump vowed to seek an expedited Supreme Court ruling on tariffs after an appeals court declared them illegal, though they will remain in effect until October 14.
Despite global uncertainties, the PSX’s continued rally highlights domestic investor optimism, with analysts expecting cyclical sectors to remain in the spotlight in the near term.
