PSX Hits Historic Milestone as KSE-100 Index Crosses 120,000 Points for the First Time

In a remarkable achievement for the Pakistan Stock Exchange (PSX), the KSE-100 Index crossed the 120,000-point mark for the first time in history today. This sharp rally, which saw the index surge by more than 1,800 points, marked a new benchmark in the country’s stock market performance. At one point during the trading session, the index touched an impressive 120,793 points before settling at a strong 120,365 points.

The positive momentum of the PSX has been evident since the beginning of 2025, with the KSE-100 Index showing consistent growth. On January 1, 2025, the index surged by almost 1,900 points, closing at 117,008.08, a promising start to the year. This growth was largely driven by investor optimism and buying interest in key sectors, including automobiles, cement, commercial banks, fertilizers, and oil and gas exploration companies.

Several factors have contributed to the bullish sentiment in the market. One of the major drivers has been the expectation of a policy rate cut by the State Bank of Pakistan (SBP), following a decrease in the country’s headline inflation to 4.1% in December 2024. Additionally, the launch of ‘Uraan Pakistan,’ a comprehensive five-year national economic plan, has given further confidence to investors looking for long-term stability and growth.

In mid-January, the KSE-100 Index continued its upward trajectory, gaining 574 points and closing at 114,804.17 on January 15. Analysts have attributed this rise to easing political uncertainty, rising global oil prices, and speculation around the potential reduction in the SBP’s policy rate. Sectors like banking, oil and gas, and automobiles saw significant gains during this period.

The historic crossing of 120,000 points today signals the growing investor confidence in Pakistan’s financial markets, backed by positive economic signals, strong corporate earnings, and favorable policies. The PSX’s performance is widely seen as an encouraging sign for the country’s economy and a key indicator of future growth potential.