Karachi, July 10, 2025 – The Pakistan Stock Exchange (PSX) roared back to life on Thursday as the benchmark KSE-100 index resumed its record-breaking rally, surging to a new all-time high after a brief pause.
The index climbed an impressive 1,205 points, closing at 133,782 points, up from Wednesday’s close of 132,577 points.
This marks a strong rebound following the index’s first decline in the current fiscal year, observed just a day earlier. Market participants cheered the return of bullish momentum, driven largely by expectations of strong corporate earnings as the results season kicks off.
Maaz Mulla, Vice President of Equity Sales at Topline Securities Limited, stated, “After a two-day breather, the bulls have returned with renewed energy. The KSE-100 index posted solid gains of 1,205 points (+0.91%), coming close to an intraday high of 1,325 points. Investor confidence is clearly rising as attention turns to earnings season.”
The rally was broad-based, with significant buying interest observed across various key sectors, including banking, fertilizer, and textiles. In the textile sector, Nishat Mills Limited (NML) led the charge following a favorable outlook report by Topline Securities. The report reaffirmed a ‘BUY’ rating on NML with a target price of Rs225 by June 2026, spurring heightened investor interest and driving momentum.
Among the major contributors to Thursday’s performance were MEBL, MCB, UBL, BAHL, FFC, HBL, and BAFL, which together added a combined +702 points to the index. This strong contribution from heavyweight financial and industrial stocks underscored the breadth of the market rally.
Investor participation also remained vibrant. Total trading volume reached 940 million shares, with a hefty turnover of Rs36.03 billion. Bank of Punjab (BOP) led the volume chart, clocking in at 155 million shares traded.
The KSE-100 index continues to reflect optimism in Pakistan’s equity markets, supported by macroeconomic improvements, stable monetary policy, and upbeat corporate forecasts. Analysts suggest that if earnings surprises remain positive, the index may continue its upward journey and post further gains in the coming sessions.