PSX Soars as Investors Await Budget Announcement

The Pakistan Stock Exchange (PSX) commenced trading on Tuesday with significant gains, as the KSE-100 Index surged by over 800 points in the initial session of the week after the Eid break. Market participants are keenly anticipating the unveiling of forthcoming budget measures scheduled for later today.

At 12:35pm, the benchmark index reached 122,450.11, reflecting an increase of 809.11 points, equivalent to a 0.67% rise.

Strong buying interest was evident in key sectors such as commercial banks, fertilizer, oil and gas exploration, OMCs, and the refinery sector. Major stocks, including PRL, WAFI, MARI, OGDC, POL, HBL, MCB, and MEBL, all demonstrated positive trading activity.

The federal government is set to present the budget for the fiscal year 2025-26, with an estimated outlay of Rs17.6 trillion, before the National Assembly for deliberation and endorsement.

Federal Minister for Finance and Revenue, Senator Muhammad Aurangzeb, will introduce the federal Budget-2025-26 in the National Assembly. Additionally, he is scheduled to table the Finance Bill 2024 in the Senate on the same day, as mandated by Article 73 of the Constitution.

During the preceding week, the PSX exhibited a bullish trend, primarily driven by growing optimism surrounding a potential agreement between Pakistan and the International Monetary Fund (IMF).

The KSE-100 index advanced by 1,950 points, or 1.6%, concluding the week at 121,641 points, compared to 119,691 points at the close of the prior week.

Trading activity spanned four sessions due to the Eid holiday observed on Friday, June 6, 2025.

Global Market Overview

Globally, equities displayed strength, and the dollar remained steady on Tuesday as trade negotiations between the United States and China were extended. There were initial indications of easing tensions between the world’s two largest economies.

The U.S. President expressed optimism regarding the discussions held at Lancaster House in London, which adjourned on Monday night and resumed at 0900 GMT on Tuesday.

Asian stocks experienced gains, continuing their upward trajectory from the week’s commencement.

The MSCI index of Asia-Pacific shares excluding Japan rose by 0.5%, while Nasdaq futures increased by 0.62%. S&P 500 futures saw a rise of 0.43%.

EUROSTOXX 50 futures and FTSE futures both increased by approximately 0.1%.

Note: This is an intra-day market update.