Records continued to break at the Pakistan Stock Exchange (PSX) on Monday as the benchmark KSE-100 Index closed above 142,000 points for the first time in history. The index finished at 142,052.64, up 1,017.66 points or 0.72%, after hitting an intra-day high of 142,323.34.
Analysts attributed the rally to investor optimism following a trade deal between the US and Pakistan, which will lower tariffs for Pakistan. This deal has been seen as a positive turning point for Pakistan’s economy.
The KSE-100’s historic performance follows a strong week, during which the index closed at an all-time high of 141,035 points, marking a 1.3% weekly gain. The index also reached a new intraday record of 141,161 points, reflecting a shift in market sentiment driven by improved trade relations with the US and renewed investor confidence in Pakistan’s economic prospects.
The index remained positive throughout the day, touching a low of 141,440.48 points, and was bolstered by major contributors such as LUCK, BAHL, HUBC, HBL, and SYS. The top gainers included FHAM, TRG, AGL, CHCC, and DGKC, while PKGP, BNWM, and THALL were among the top losers.
Sector-wise, cement, commercial banks, technology, and power generation sectors supported the index, while oil and gas marketing companies and automobile parts sectors weighed it down.
The broader market also showed gains, with the All-Share Index closing at 87,831.79, up by 513.56 points or 0.59%. Total market volume reached 666.37 million shares, with a traded value of Rs42.92 billion.
