The Pakistan Stock Exchange (PSX) climbed to an all-time high on Tuesday. Investors showed strong confidence ahead of the federal budget presentation. The benchmark KSE-100 index gained more than 900 points during intraday trading.
Following the Eid holidays, the stock market opened on a firm note. Momentum remained strong throughout the trading session. By 11:30 am, the KSE-100 was recorded at 122,161.81 points, rising by 520.81 points or 0.43%. It later reached 122,558 points, marking the highest level in PSX history.
This surge was led by active buying in major sectors. Commercial banks, oil and gas exploration, refining, and fertiliser stocks attracted heavy investment. Notable gainers included Pakistan Refinery Limited (PRL), Wafi Energy, Mari Petroleum (MARI), and Oil and Gas Development Company (OGDC). Other strong performers were Pakistan Oilfields Limited (POL), HBL, MCB, and Meezan Bank (MEBL). Their gains boosted overall investor sentiment.
Market analysts linked the rally to positive expectations from the upcoming budget for 2025–26. Investors are closely watching for policy measures, especially tax-related changes, that may impact the corporate landscape. Development spending is also under focus.
Senator Muhammad Aurangzeb, the Federal Minister for Finance and Revenue, is set to present the Rs17.6 trillion federal budget in the National Assembly today. The Finance Bill 2024 will also be introduced in the Senate under Article 73 of the Constitution.
A senior market analyst from a Karachi brokerage firm commented on the rally. “The Pakistan Stock Exchange is responding well to the hope that the budget will encourage economic growth,” he said. Ongoing discussions with the International Monetary Fund (IMF) are also lifting investor morale.
This strong performance continues the upward trend of recent weeks. Last week, the KSE-100 index rose by 1,950 points or 1.6%. The index closed at 121,641 on Thursday, up from 119,691 the week before. Only four sessions were held due to the Eid break on June 6.
The rise in the Pakistan Stock Exchange also aligns with a global positive trend. International stock markets are showing gains. Asian stocks rose for a second straight day. Tensions between the United States and China showed signs of easing. Talks resumed in London, with U.S. President Donald Trump expressing hope for progress.
The MSCI Asia-Pacific Index (excluding Japan) added 0.5%. Nasdaq and S&P 500 futures rose by 0.62% and 0.43%, respectively. Meanwhile, FTSE and EUROSTOXX 50 futures inched up by 0.1%.
The Pakistan Stock Exchange continues to reflect optimism. Investors remain focused on the budget, economic policy, and global trends. With record-breaking highs, PSX is shaping the market outlook for the coming fiscal year.
