PSX KSE-100 Index Surpasses 131,000 Mark

The Pakistan Stock Exchange (PSX) saw continued bullish activity as the benchmark KSE-100 Index exceeded 131,000, reaching a new all-time high during Thursday’s opening trade.

The KSE-100 achieved an intra-day peak of 131,325.10 during the session.

As of 3:05pm, the benchmark index was recorded at 130,900.38, reflecting an upswing of 556.35 points, equivalent to 0.43%.

Significant buying interest was evident in the energy sector, with major stocks such as OGDC, MARI, PPL, PSO, and WAFI showing positive movement.

Market analysts attribute this record-breaking performance to robust institutional purchasing, optimistic profit forecasts, and favorable macroeconomic conditions.

On Wednesday, the PSX marked a milestone, breaching the 130,000-point threshold for the first time. The KSE-100 Index jumped by 2,144 points, or 1.67%, closing at 130,344 points.

Globally, Asian equities saw modest gains on Thursday as investors prepared for a key US jobs report that could potentially justify upcoming rate adjustments by the Federal Reserve. They also awaited the approval of a substantial US fiscal package in Congress.

Overnight, Wall Street ended at record highs following President Donald Trump’s announcement of a trade agreement with Vietnam, which included a 20% tariff on exports to the US. This announcement raised expectations for additional trade agreements, with ongoing negotiations for a deal with India.

MSCI’s broadest index of Asia-Pacific shares outside Japan increased by 0.2%, remaining just below a nearly four-year high. Japan’s Nikkei remained stable.

Chinese blue chips saw a rise of 0.2%, while Hong Kong’s Hang Seng index decreased by 0.6% after data indicated that China’s services sector growth had slowed to a nine-month low in June.

Both Nasdaq futures and S&P 500 futures experienced minimal change in Asia. Investors were focused on the potential final approval of the tax and spending bill by the House of Representatives.

The proposed bill is projected to increase the national debt by $3.3 trillion, while also cutting taxes and reducing social welfare programs.

This information reflects intraday market activity.