Pakistan Stock Exchange Soars to Record High, Closes Above 138,000 Points for the First Time

The Pakistan Stock Exchange (PSX) made history on Thursday as the KSE-100 index surged by 1,753 points to close at an all-time high of 138,133 points. This bullish rally marks the highest level ever recorded, breaking the previous intra-day high of 137,747 points observed just days earlier.

Market momentum remained strong throughout the session. The rally was fueled by aggressive buying in the energy, oil, fertilizer, and pharmaceutical sectors — reflecting robust investor sentiment.

The trading session opened with a 300-point jump and continued to soar, crossing multiple milestones:

• A gain of 666 points early in the session

• A jump of 1,072 points mid-day

• A leap to 137,855 with a 1,475-point rise

• And a final rally that closed the index at 138,133

Market experts attribute the rise to investor optimism regarding the upcoming monetary policy announcement on July 28, which may include an interest rate cut. However, concerns remain as the US dollar surged to a 20-month high, which could impact external financial conditions.

After three days of range-bound movement, today’s performance reinvigorated market confidence and marked a historic day for Pakistan’s capital market.