The Pakistan Stock Exchange (PSX) 100-Index continued its bullish rally on Wednesday, gaining 973 points (+0.82%) to reach an all-time high closing of 117,974 points. The market displayed strong momentum, driven by institutional buying and positive investor sentiment.
According to Topline Securities, the benchmark index peaked at 118,244 points during intraday trading before settling slightly lower at the closing bell.
Key Drivers of the Market Rally
The PSX’s upward surge was fueled by major contributions from HUBC, MARI, ENGROH, SYS, and PPL, which collectively added 551 points to the index. However, FFC, EFERT, and POL exerted some downward pressure, dragging the index down by 54 points.
The buying interest was mainly seen in energy, technology, and fertilizer sectors, which have shown strong financial performance and growth potential.
Trading Volume and Market Performance
Trading Volume: 544,200,130 shares (up from 449,484,737 shares in the previous session)
Total Value Traded: Rs. 32.31 billion (compared to Rs. 29.178 billion in the last session)
Top Trading Stock: Pakistan International Bulk Terminal (PIBTL) with 52 million shares traded
Why is the PSX Surging?
Several factors are contributing to the continued bullish momentum at the Pakistan Stock Exchange:
1. Strong Institutional Buying
Local institutional investors are actively buying stocks, driving up prices and maintaining market confidence.
2. Economic Stability & Policy Measures
The government’s economic policies, including IMF-backed reforms, are boosting investor confidence. Stabilization in the Pakistani Rupee (PKR) and improving foreign exchange reserves are also supporting market sentiment.
3. Growth in Key Sectors
Companies in the power, oil & gas, technology, and fertilizer sectors are showing strong earnings and growth potential, attracting significant investments.
4. Global Market Trends & Foreign Interest
Improved global economic conditions and foreign interest in Pakistani equities are also playing a role in the market’s positive trajectory.
Future Outlook: Can the Rally Continue?
Analysts believe that the bullish momentum in PSX is likely to continue if economic stability persists. However, some challenges remain, including global oil price volatility, inflation concerns, and external debt obligations.
For investors, sector-wise diversification and long-term holding strategies could be key to capitalizing on the PSX’s upward trend.
With the PSX 100-Index hitting an all-time high, market confidence remains strong. As local and foreign investors continue to show interest, the coming sessions will determine whether the market can sustain its bullish momentum or face a correction.
