KSE-100 Index closes at 156,087.30 points, up 1,810.11 points, or 1.17%
The Pakistan Stock Exchange (PSX) hit a remarkable milestone on Monday, with the benchmark KSE-100 Index soaring past the 156,000 mark for the very first time. This surge was fueled by optimism surrounding circular debt reforms, robust liquidity, and a boost in investor confidence, all contributing to the index’s record-breaking performance. By the end of the day, the KSE-100 Index closed at 156,087.30 points, reflecting an impressive increase of 1,810.11 points, or 1.17%, from the previous close of 154,277.19.
Intraday Performance
- High: 156,080.79 points (+1,922.09 points or 1.25%)
- Low: 154,944.87 points (+667.68 points or 0.43%)
Market Drivers & Expert Views
Ahfaz Mustafa, CEO of Ismail Iqbal Securities, credited the bullish trend to multiple factors:
“A successful SCO meeting, the impending circular debt resolution, along with ample liquidity in the market, is the driving force behind the rally. A lot of SOEs that generally traded cheaply are realising their market-based values and causing the rally.”
Government’s Response
Prime Minister Shehbaz Sharif hailed the stock market’s historic performance, calling it a reflection of investor confidence in government policies.
“The journey of national development continues due to the hard work of the economic team. Agreements and MoUs worth billions of dollars with Chinese firms will establish industries, boost exports, and create employment opportunities,” the PM said.
During his visit to Beijing, the premier assured Chinese investors of swift removal of bureaucratic hurdles. At the Pakistan-China B2B Investment Conference, Pakistan and Chinese companies signed 21 MoUs worth $4.2 billion, formally launching the second phase of CPEC (CPEC 2.0).
Fiscal Developments
On the fiscal side, the government raised Rs654 billion through the auction of Pakistan Investment Bonds (PIBs), surpassing its Rs400 billion target.
- Two-year PIB yield: 11.1973% (+11 bps)
- 10-year yield: 12.04% (-11 bps)
- 15-year yield: 12.38% (-7 bps)
- 3-year & 5-year yields: steady at 11.14% and 11.4395%
Previous Session Recap
On Friday, the KSE-100 Index surged 1,611.47 points (1.06%) to close at 154,277.19 points from 152,665.72. The index touched a high of 154,511.32 and a low of 153,129.78 during that session.
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