Karachi, June 4, 2025 – The Pakistan Stock Exchange (PSX) witnessed another strong session on Wednesday, as the benchmark KSE-100 Index continued its upward trajectory and closed at a new all-time high of 121,799 points.
The KSE-100 Index gained a substantial 1,348 points, or 1.12% Day-on-Day (DoD), compared to Tuesday’s closing of 120,451 points—also a previous record. This marked the second consecutive session of significant gains, reflecting growing investor confidence amid positive economic signals.
According to market analysts, the ongoing rally in the KSE-100 is primarily driven by optimism surrounding the federal government’s reported agreement with the International Monetary Fund (IMF) on the 2025-26 budget framework. The budget is expected to be formally presented on June 10, 2025, following the Eid-ul-Adha holidays, and the market has responded favorably in anticipation of fiscal stability and reform continuity.
Strong buying was seen across major sectors, including automobile assemblers, commercial banks, fertiliser producers, oil and gas exploration companies, and oil marketing companies (OMCs). Key index-heavy stocks such as Mari Petroleum (MARI), Oil and Gas Development Company (OGDC), Pakistan Petroleum Limited (PPL), Pakistan Oilfields Limited (POL), Sui Northern Gas Pipelines Limited (SNGPL), Sui Southern Gas Company (SSGC), Habib Bank Limited (HBL), and National Bank of Pakistan (NBP) traded firmly in the green, contributing significantly to the rise in index points.
Analysts believe that improved valuations and easing macroeconomic concerns are sustaining the buying momentum. “Valuations are now looking increasingly attractive, which is drawing investors back into the market,” said one senior analyst.
With the KSE-100 Index repeatedly notching up fresh points, market sentiment appears firmly bullish. Analysts anticipate further gains, provided the clarity on fiscal and monetary policy continues in the lead-up to the federal budget announcement.
Investors are now eyeing key budgetary measures, tax policies, and sectoral incentives, which could further drive KSE-100 Index performance and investor confidence.