KARACHI: The Pakistan Stock Exchange extended its bullish streak on Thursday as the KSE-100 Index jumped more than 700 points during early trading hours. This strong upward move follows Wednesday’s historic 2,051-point surge.
At 10:50 am, the benchmark index had risen by 726.29 points. It touched 145,814.78, showing a 0.50% gain from the previous day’s close. The ongoing rally has now become one of the most robust runs in recent stock market history.
The rally is fueled by growing investor confidence. Strong corporate results and a steady economic outlook have lifted market sentiment. Key reforms and positive macroeconomic indicators have also played a major role.
Heavy buying was seen in energy-related shares. The Pakistan Stock Exchange saw green across oil and gas exploration firms, refineries, power companies, and oil marketing giants. Among the top gainers were OGDC, PSO, Mari Petroleum, PPL, Attock Refinery, and Hub Power Company.
These sectors are vital to Pakistan’s industrial growth. They have become the driving force behind the current stock market rally. Their performance reflects both demand for energy and investor trust in long-term returns.
Prime Minister Shehbaz Sharif praised the PSX rally. He said the rise shows renewed investor faith in the government’s business-friendly direction. He credited market reforms and signs of economic recovery for the upward momentum. The premier assured that his team remains focused on supporting investments.
The positive momentum on the trading floor also mirrors gains in global markets. Japan’s Topix and Nikkei gained 0.9%, while Taiwan’s index jumped 2.3%—reaching a one-year high. South Korea, Hong Kong, and Chinese blue chips also posted gains.
Wall Street’s tech surge, strong corporate earnings, and expectations of a U.S. interest rate cut supported global sentiment. Hopes for a meeting between U.S. President Donald Trump and Russian President Vladimir Putin on the Ukraine conflict further lifted confidence in European equities.
Despite Trump’s renewed tariff threats—including a 25% duty on Indian purchases of Russian oil and a 100% tariff on semiconductor imports—global equity markets remained steady. Investors appeared more focused on broader economic trends.
The Pakistan Stock Exchange now stands as a symbol of growing optimism. With market forces aligning at home and abroad, investors continue to show faith in Pakistan’s economic direction.
