KARACHI: The Pakistan Stock Exchange (PSX) benchmark KSE-100 Index on Tuesday closed at an all-time high of 150,975.48 points, gaining 1,004.36 points or 0.67 per cent, as bullish momentum extended for a second consecutive session.
The index hit an intraday high of 151,065.56 points, marking yet another milestone for the market. During the session, it surged by as much as 1,105 points before paring some gains.
Market sentiment was buoyed by improved liquidity and institutional interest, according to brokerage houses.
Key support came from Engro Corporation (ENGROH), Fauji Fertilizer Company (FFC), Engro Fertilizers (EFERT), Bank AL Habib Limited (BAHL), and Bank Alfalah Limited (BAFL), which collectively added 938 points to the index.
Volumes also improved, with 1.078 billion shares changing hands, while the traded value reached Rs44.3 billion. The Bank of Punjab (BOP) topped the volume charts with 174 million shares.
Ismail Iqbal Securities said in a market note that the index “closed on a positive note, marking a new all-time high, largely supported by improved liquidity.”
Fertiliser, commercial banks, and technology and communication sectors remained the top contributors, adding 588 points in total.
Read More: Xi pledges support in Pakistan’s fight against terrorism
On the macroeconomic front, State Bank of Pakistan (SBP) Governor Jameel Ahmad said the economy was now on a “more stable footing,” with GDP growth projected in the 3.25–4.25 per cent range for FY26, according to Al Habib Capital.
Separately, petroleum product sales rose to 1.3 million tonnes in August, reflecting a six per cent month-on-month increase, another indicator of economic activity strengthening.
Meanwhile, gold prices in Pakistan remained steady a day after setting a fresh record high.
According to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA), the price of gold per tola was unchanged at Rs370,700, while 10 grammes stood at Rs317,815.
In the international market, bullion held firm at $3,480 per ounce (including a $20 premium), while silver prices in Pakistan were flat at Rs4,303 per tola.
The stability came after a hectic Monday session, when gold jumped Rs3,300 per tola to hit a record, driven by global demand for safe-haven assets amid weakening sentiment around the US dollar.
