KSE-100 hits fresh record as PSX rally gains momentum

The Pakistan Stock Exchange (PSX) continued its bullish run on Thursday, with the KSE-100 Index surging over 700 points in early hours.

Positive investor sentiment was buoyed by robust corporate earnings and a stable economic outlook.

The PSX opened strong on Thursday as the benchmark KSE-100 Index climbed 726.29 points, reaching 145,814.78 at 10:50am — up 0.50% from the previous close. This marks another record in the ongoing stock market rally, building on the historic 2,051-point surge observed a day earlier.

Investors remained upbeat, responding positively to a blend of encouraging macroeconomic indicators, ongoing policy reforms, and impressive quarterly earnings.

key sectors in focus: energy and power lead the charge

Buying interest remained concentrated in heavyweights from the energy sector, including oil and gas exploration companies, oil marketing firms, power generation, and refineries. Stocks like Attock Refinery Limited (ARL), Hub Power Company (HUBCO), Mari Petroleum (MARI), OGDC, PSO, and Pakistan Petroleum Limited (PPL) all traded in the green.

These sectors, closely tied to Pakistan’s industrial growth and energy needs, have remained the backbone of the market’s current bullish run.