The Pakistan Stock Exchange (PSX) reached a new milestone on Tuesday as the KSE-100 Index closed above 147,000 points for the first time in its history. The index ended the day at 147,005.32, gaining 75.48 points during the session.
The trading day started on a positive note, with early gains supported by strong performances from Bank Alfalah (BAFL), Habib Bank Limited (HBL), and Systems Limited (SYS).
However, some heavyweights, including Fauji Fertilizer Company (FFC), Mari Petroleum (MARI), Oil and Gas Development Company (OGDC), Pakistan State Oil (PSO), and Bank AL Habib (BAHL), weighed on the index, trimming some of the earlier gains.
Market sentiment remained upbeat, boosted by strong corporate earnings and hopes of new investments from the United States in Pakistan’s energy sector. Investors seemed encouraged by the potential inflow of foreign capital, which could strengthen the economy and improve liquidity in the market.
On the global front, Asian stock markets also recorded gains after the United States and China agreed to extend their tariff truce. This development improved investor confidence worldwide, reducing fears of a renewed trade conflict between the world’s two largest economies.
Meanwhile, the Pakistani rupee held steady against the US dollar, closing at 282.42 in the interbank market. The currency’s stability further supported positive sentiment in the stock market.
Analysts believe that if economic stability continues and foreign investment prospects improve, the PSX could see further upward momentum in the coming weeks, attracting both local and international investors.
