Karachi, February 11, 2025 – The Pakistan Stock Exchange (PSX) maintained its bullish trading momentum on Tuesday, regaining the 113,000-point level amid strong investor confidence.
The benchmark KSE-100 index of PSX surged by 1,632 points, marking a 1.47% increase and closing at 113,010 points, up from the previous day’s closing of 111,378 points. Market analysts attributed this positive trend to restored investor confidence following reports of a possible delay in the tax incentive package for property transactions.
PSX Sees Broad-Based Buying
The bullish sentiment at PSX was evident throughout the trading session, with the KSE-100 Index reaching an intra-day high of 113,233 points. Investors actively bought shares in key sectors, including cement, chemicals, commercial banks, fertilizers, oil and gas exploration, OMCs, refineries, and power generation.
Among the leading gainers at PSX were index-heavy stocks such as HUBCO, PSO, SHEL, OGDC, POL, PPL, EFERT, HBL, NBP, and UBL, contributing significantly to the overall market rally.
Remittance Inflows and PSX Performance
In a crucial development, the State Bank of Pakistan (SBP) reported that overseas workers’ remittances amounted to $3 billion in January 2025, reflecting a slight decline of 3.2% from December 2024’s figure of $3.1 billion. However, the overall remittance inflow during the first seven months of FY25 (July–January) stood at $20.8 billion, significantly higher than the $15.8 billion recorded in the same period last fiscal year, marking an impressive growth of 31.7%.
PSX Maintains Bullish Momentum
The positive trend at PSX has been ongoing, with Monday’s session also witnessing significant gains. The KSE-100 Index closed with an impressive gain of over 1,000 points, settling at 111,378 points. The continued upward trajectory reflects the strong fundamentals driving PSX and the renewed investor interest in the equity market.
Market experts suggest that if positive economic indicators persist, PSX could sustain its rally in the coming sessions. Investors are advised to monitor market trends closely as PSX navigates its path amid evolving economic developments