PSX Achieves Best Nine-Month Rally Since 2009, Crosses 168,000 Points
The Pakistan Stock Exchange (PSX) ended the week with a powerful rally. The KSE-100 Index jumped 6,733 points or 4.15%, closing at 168,990. This rise marks the PSX’s strongest nine-month rally since 2009.
Investors showed strong confidence in the market. The banking sector led the charge, while optimism grew over upcoming IMF meetings. As a result, trading activity stayed vibrant throughout the week.
On Monday, the bulls dominated and lifted the index by 1,590 points to 163,847. The rally continued on Tuesday with a 1,646-point increase, closing at 165,494. Wednesday saw mixed trading but still ended slightly positive, gaining 146 points.
Thursday brought renewed energy as the index surged 2,849 points to 168,490. On Friday, the KSE-100 touched a record intra-day high of 169,989 before closing at 168,990, up by 500 points.
Economic Updates
Arif Habib Limited reported that inflation rose to 5.6% in September from 3% in August. The banking sector added over 4,300 points to the index, reflecting strong investor trust. Cement dispatches climbed 7%, while petroleum sales rose 8% year-on-year.
The trade deficit reached $3.3 billion as imports grew 14%. Exports, however, fell by 11.7% year-on-year. Despite these challenges, the rupee appreciated slightly, closing at 281.37 per US dollar.
JS Global noted that Pakistan successfully repaid a $500 million Eurobond, with another $1.3 billion repayment due in April 2026. This repayment boosted market confidence further.
However, fiscal concerns persisted as the Federal Board of Revenue missed its quarterly target by Rs200 billion, collecting Rs2.88 trillion instead of Rs3.08 trillion.
Overall, the PSX’s steady upward movement shows growing optimism in Pakistan’s economy. Analysts expect continued momentum if inflation stays in check and investor sentiment remains positive.
