KSE-100 Surges Past 145,800 in Early Trade
News Desk
KARACHI –The bullish momentum at the Pakistan Stock Exchange (PSX) continued on Thursday, as investor confidence remained high on the back of a stable economic outlook and strong corporate earnings. The benchmark KSE-100 Index jumped over 700 points during the opening session.
By 10:50am, the index was trading at 145,814.78, up 726.29 points or 0.50%, extending Wednesday’s record-breaking rally. Gains were led by key sectors such as oil and gas exploration, OMCs, refineries, and power generation. Index-heavyweights including OGDC, PPL, MARI, ARL, HUBCO, and PSO were all in the green, fueling optimism in the broader market.
A day earlier, the benchmark KSE-100 had surged by 2,051 points (+1.43%) to settle at an all-time high closing of 145,088.50 points, breaking multiple resistance levels.Pakistan Stock Market Hits Historic High as Investor Optimism Grows
Prime Minister Shehbaz Sharif, in a statement from the PM Office, welcomed the rally and attributed it to the government’s business-friendly reforms and a focus on investment facilitation. He said the surge reflects growing investor trust in economic management.
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Global Market Snapshot
Asian stocks advanced in Thursday’s session, buoyed by tech-driven Wall Street gains, solid corporate results, and hopes of US interest rate cuts. Japan’s Topix index rose 0.9%, hitting a record high, while the Nikkei posted similar gains. Taiwan’s benchmark jumped 2.3% to a 13-month high. South Korea’s KOSPI gained 0.6%, Hang Seng was up 0.4%, and China’s blue chips rose 0.3%.
Sentiment also improved on reports of a possible meeting between U.S. President Trump and Russian President Putin over the Ukraine conflict — supporting the euro but pressuring oil prices amid mixed signals on sanctions. Markets largely shrugged off Trump’s fresh tariff threats, including a proposed 25% duty on Indian oil imports from Russia and a potential 100% tariff on semiconductors.
This is an intra-day market update. Final closing numbers will follow.
