PSX Achieves New All-Time High Amidst Positive Market Dynamics

The Pakistan Stock Exchange (PSX) continued its bullish trend on Tuesday, driven by optimistic earnings forecasts, a stable rupee, and substantial institutional engagement from both domestic and international investors.

The KSE-100 Index reached a historic peak, closing at 149,770.75 points, marking an increase of 1,574 points, or 1.06 percent, compared to the prior session’s closing figure of 148,196.42 points. During the session, the index touched an intraday high of 150,323 points before experiencing a slight dip due to profit-taking activities.

The BRIndex100 saw a gain of 76.46 points, or 0.51 percent, concluding at 15,179.53 points, with a trading volume of 593.37 million shares. Additionally, the BRIndex30 rose by 80.95 points, or 0.19 percent, settling at 42,700.26 points, with a turnover of 334.74 million shares.

According to Topline Securities, the market’s upward trajectory was sustained by significant institutional investments, especially in the banking and cement sectors. A Topline analyst pointed out that cement sales demonstrated considerable growth in August 2025, suggesting that earnings are poised to surpass initial projections.

Key players such as Bank AL Habib (BAHL), United Bank Limited (UBL), Lucky Cement (LUCK), Meezan Bank (MEBL), and Engro Corporation (ENGRO) were instrumental in propelling the index, collectively contributing 1,306 points to its rise.

Increased market activity mirrored the positive market sentiment. The ready market turnover surged to 809 million shares, up from 610 million shares the previous day, with the traded value reaching Rs 48.4 billion, compared to Rs 39.17 billion.

Market capitalization also saw expansion, reaching Rs 17.771 trillion from the previous session’s Rs 17.639 trillion, reflecting an increase of Rs 132 billion in a single day, which underscored strengthened investor confidence.

In terms of individual stock performance, WorldCall Telecom led in volume with 52.3 million shares, closing at Rs 1.45. Bank of Punjab followed with 46.0 million shares, settling at Rs 14.76, and Fauji Cement recorded 43.7 million shares, ending the day at Rs 53.48.

Among the top performers, Bhanero Textile Mills increased by Rs 92.78 to close at Rs 1,020.56, while The Thal Industries Corporation rose by Rs 53.85 to settle at Rs 623.85. Conversely, PIA Holding Company Limited (B) experienced a decline of Rs 303.10, closing at Rs 27,698, and Unilever Pakistan Foods decreased by Rs 121.75 to end at Rs 31,778.25.

The broader market exhibited strength, with 265 companies closing higher, 194 lower, and 24 remaining unchanged out of the 483 companies traded.

The BR Automobile Assembler Index concluded at 24,053.82 points, gaining a modest 29.01 points, or 0.12 percent, with a trading volume of 4.25 million shares. The BR Cement Index climbed to 12,425.84 points, advancing by 356.78 points, or 2.96 percent, supported by a robust turnover of 116.75 million shares.

The BR Commercial Banks Index jumped to 45,412.65 points, increasing by 1,149.52 points, or 2.6 percent, with 83.49 million shares traded. In contrast, the BR Power Generation and Distribution Index fell to 22,366.28 points, dropping by 290.12 points, or 1.28 percent, on a volume of 37.01 million shares.

Similarly, the BR Oil and Gas Index finished lower at 12,853.71 points, decreasing by 104.24 points, or 0.8 percent, with a turnover of 33.35 million shares. The BR Technology & Communication Index also closed down at 3,314.30 points, declining by 24.12 points, or 0.72 percent, as 97.81 million shares were traded.

As per Senior Analyst Ahsan Mehanti, the stock market’s record close was driven by investors’ positive reaction to the strong economic outlook provided by international rating agencies. He highlighted Fitch’s projection of Pakistan’s GDP growth at 3.5 percent for FY27, alongside Moody’s upgrade, which further bolstered market confidence.

Mehanti further noted that the government’s initiative to cut circular debt by Rs 2.6 trillion, coupled with favorable export data, increased cement dispatches, and continuous stability of the rupee, played crucial roles in propelling the PSX to its unprecedented close.

With the index reaching new heights, investors are now focusing on the 150,000-point mark as the next significant psychological threshold, with institutional investment trends expected to influence short-term market direction.