Karachi, April 3, 2025 – The Pakistan Stock Exchange (PSX) witnessed an extraordinary rally on Thursday as the benchmark KSE-100 index soared to an all-time high of 118,938 points. This impressive surge came on the back of a major government initiative to reduce electricity tariffs, providing significant relief to both consumers and industries.
The KSE-100 index gained 1,131 points, marking a 0.96% increase from its previous closing level of 117,807 points. At one point, the index climbed by as much as 1,373 points, reflecting strong investor confidence in the government’s economic measures. Analysts at Topline Securities Limited attributed this bullish momentum to the sharp reduction in electricity costs, which is expected to lower operational expenses for businesses, thereby boosting corporate profitability.
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Market experts noted that the KSE-100 index’s rally came at a time when global markets were facing turbulence due to the United States’ decision to impose fresh trade tariffs on imports. Despite external uncertainties, Pakistan’s equity market demonstrated resilience, with investors reacting positively to the government’s proactive approach in addressing electricity pricing concerns.
The surge in the KSE-100 index was driven by strong performances from key stocks, including United Bank Limited (UBL), Meezan Bank Limited (MEBL), Mari Petroleum (MARI), Lucky Cement (LUCK), and Oil & Gas Development Company (OGDC). These five stocks collectively contributed 839 points to the index’s gains, highlighting broad-based optimism across various sectors.
Trading activity remained robust, with a total of 415 million shares changing hands, translating into a turnover of Rs 28 billion. Sui Southern Gas Company (SSGC) led the volume charts, with 53 million shares traded. Market participants believe that the reduction in electricity tariffs will improve industrial output and contribute to sustained economic growth, further strengthening investor sentiment in the coming sessions.
As the government continues to implement business-friendly policies, analysts expect the KSE-100 index to maintain its upward trajectory. The recent reforms in electricity pricing are being seen as a key driver in enhancing Pakistan’s investment climate, with both local and foreign investors showing renewed interest in the stock market.