PSX Continues Bull Run, KSE-100 Soars

The Pakistan Stock Exchange (PSX) experienced a continuation of its record-breaking performance on Tuesday, as the KSE-100 Index saw substantial gains in early trading. During the initial hours, the benchmark KSE-100 Index increased by over 900 points.

As of 10:55 am, the index reached 147,845.28, reflecting a rise of 915.44 points, equivalent to a 0.62% increase.

Strong buying activity was evident in key sectors, notably automobile assemblers, commercial banks, oil and gas exploration companies, and OMCs. Major stocks, including MARI, POL, PSO, SSGC, SNGPL, HBL, MCB, MEBL, and UBL, showed positive movement.

Market analysts suggest that investor confidence has been boosted by promising corporate earnings and reports regarding forthcoming investments from the United States in Pakistan’s energy sector.

Upon his return from the US, Finance Minister Muhammad Aurangzeb mentioned in an informal discussion that Pakistan anticipates positive news regarding significant US investments across multiple sectors soon. He characterized the trade discussions with the US as highly successful for Pakistan, emphasizing the country’s progress in the right direction, with tangible results expected shortly.

On the preceding Monday, the PSX witnessed a strong bullish trend, with the KSE-100 Index climbing by 1,547.05 points, or 1.06%, to conclude at 146,929.84.

Globally, most Asian stock markets experienced gains on Tuesday, supported by the extension of a tariff ceasefire between the world’s leading economies. Japanese stocks reached an all-time high, driven by tech stocks following a long holiday weekend.

US President Donald Trump extended a tariff truce with China on Monday for an additional 90 days, averting significant duties on Chinese products, a decision largely anticipated by investors and markets.

Market sentiment in recent weeks has been bolstered by expectations of interest rate reductions by the US Federal Reserve, robust US corporate earnings, and clarity on US trade tariffs impacting trading partners.

Japan’s Nikkei index surged to a record peak, increasing by 2% as markets reopened after a public holiday, mirroring the performance of other global indices this year.

Australia’s benchmark also achieved a record high, preceding a monetary policy meeting where the central bank is expected to lower interest rates.

Consequently, MSCI’s broadest index of Asia-Pacific shares excluding Japan saw a slight increase. China’s blue-chip stocks remained stable, while Hong Kong’s Hang Seng index declined by 0.1% in early trading.

This information reflects an intra-day market update.