Friday, the Pakistan Stock Exchange (PSX) closed to another historic summit while investors’ confidence climbed following the approval of the federal budget for financial year 26.
The KSE-100 reference index jumped by 2,332.60 points, or 1.91%, to settle at 124,379. “The market rebounded from the brief phase of profits on Thursday, with an upward momentum that prevailed throughout the session”, noted Ali Najib, deputy chief of negotiation at ARIF HABIB LTD. Led the gathering in the middle of the portfolio rebalancing and optimism on the economic management established by the newly approved budget.
The feeling of investors was also supported by Roshan Roshan Roshan Roshan (GDR), which reached $ 10.38 billion by May 2025. Monthly entries increased from 13% to 201 million dollars while the number of accounts increased to 82324, strengthening confidence in the stability of the external account of Pakistan. The key index engines included Fauji Garilizer Company, Lucky Cement, Meezan Bank, Pakistan Oilfields and Engro Holdings, which collectively contributed 866 points to the gains of the day.
The market width has remained solid, 773 million shares were negotiated at 37.6 billion rupees. Bank Makramah led the volume table with 79.7 million actions changing hands. The reference index displayed a weekly gain of 3.63%, or 4,356 points, out of five sessions.
After having opened at 118,272, the index affected a summit of 125,285 and a minimum of 115,887, ending well above the psychological brand of 120,000 keys. Market analysts consider the ability of KSE-100 to maintain above the level of 122,000 as a sign of a strong momentum.
Supported stability greater than 120,000 could open the way to a new rally around 130,000, driven by improving macroeconomic indicators and the confidence of growing investors.
