ISLAMABAD: The buying rally at the Pakistan Stock Exchange (PSX) continued on Thursday, with the benchmark KSE-100 Index climbing 342.62 points, or 0.26%, to close at a new all-time high of 130,686.65.
Analysts credit the market’s record-breaking momentum to robust institutional buying, optimistic earnings forecasts, and favourable macroeconomic conditions.
On Thursday, a total of 899,849,566 shares were traded as compared to 1,026,117,776 shares on the last trading day, whereas the price of shares stood at PKR 43.252 billion against PKR 49.294 billion on the previous working day.
As many as 467 companies transacted their shares in the stock market, 215 of them recorded gains and 236 met losses, whereas the share price of 16 companies remained unchanged.
On Wednesday, the Pakistan Stock Exchange (PSX) delivered a landmark performance, breaching the psychological barrier of 130,000 points for the first time in history.
The benchmark KSE-100 Index surged by 2,144 points, or 1.67%, to close at 130,344.
Globally, Asian markets edged higher on Thursday as investors looked ahead to a crucial US jobs report that could strengthen the case for upcoming Federal Reserve rate cuts.
Market participants were also closely watching the progress of a major US tax and spending bill moving through Congress.
Overnight, Wall Street rallied to fresh record highs following President Donald Trump’s announcement of a new trade deal with Vietnam, which includes a 20% tariff on exports to the US.
The development boosted optimism that additional trade agreements—such as an ongoing one with India—could soon follow.
The MSCI’s broadest index of Asia-Pacific shares outside Japan rose 0.2%, staying just below a near four-year peak. Japan’s Nikkei remained flat.
In China, blue-chip stocks inched up 0.2%, while Hong Kong’s Hang Seng index slipped 0.6% after data revealed that China’s services sector grew at its slowest pace in nine months during June.
