PSX Hits New Historic High as KSE-100 Crosses 174,000 Points Amid Volatile Trading

The Pakistan Stock Exchange (PSX) continued its strong bullish run on Monday, with the benchmark KSE-100 Index touching fresh historic levels during volatile trading, signaling robust investor confidence and sustained buying interest.

Trading commenced on a highly positive note as the market opened sharply higher by 964 points. The key psychological milestone of 173,000 points was crossed almost immediately after the opening bell, setting a strong tone for the session.

During intraday trading, the market witnessed a powerful surge of 2,011 points, pushing the KSE-100 Index to a new all-time high of 174,412 points. However, heightened volatility was observed as profit-taking emerged later in the session, briefly pulling the index below the 174,000-point mark.

Despite these fluctuations, the market largely maintained its upward trajectory. At one stage, the benchmark index was trading at 173,440 points, showing a solid gain of 1,040 points, and remained above the historic 173,000-point level for most of the trading session.

Market analysts attributed the resilience of the index to strong participation across key sectors, which helped absorb intraday selling pressure. The continued buying interest reflected optimism over economic prospects and improving market sentiment.

The momentum carried over from the previous week, when the Pakistan Stock Exchange had already recorded strong gains. On Friday, the KSE-100 Index closed at a new record level after touching an intraday high of 172,582.95 points, laying the foundation for the current rally.

Market observers believe that the ability of the index to hold above key psychological levels, despite volatility, indicates underlying strength and resilience. The sustained bullish trend is being viewed as a positive signal for the near-term outlook of the equity market.