Investor confidence surged at the Pakistan Stock Exchange (PSX) on Thursday, as the KSE-100 index hit an all-time intraday high of 122,281.58 points. This marked the first time the index crossed the 122,000 mark, continuing the bullish momentum from earlier in the week.
Record-Breaking Intraday Performance
The market opened strong at 121,886.21 and quickly rallied. The index peaked at 122,281.58 during trading before closing at 121,886.21. The day’s lowest level stood at 121,517.90. Trading volume reached 82.7 million shares, with a total transaction value of nearly Rs4.6 billion. The previous close was recorded at 121,798.86.
Back-to-Back Milestones
This milestone followed Wednesday’s historic close, when the KSE-100 index ended above 121,000 for the first time. These back-to-back records reflect growing investor optimism driven by several positive developments.
ADB Package Fuels Market Rally
One of the major catalysts was the Asian Development Bank’s approval of an $800 million financial package for Pakistan. The package includes a $300 million policy-based loan and a $500 million program-based guarantee. The announcement reassured investors and added momentum to the market’s upward trajectory.
Temporary Delay Resolved
The package’s approval had been delayed by five days after India requested time to review the documents. However, the final go-ahead removed uncertainty and reinforced positive sentiment.
Read:Â PSX Maintains Bullish Momentum as KSE-100 Hits Another Record High
Key Sectors Drive Growth
According to market analysts, including Ahsan Mehanti of Arif Habib Corp, the rally was led by strong performance across various sectors. He noted that investor expectations of budgetary incentives for oil refineries, real estate, and agriculture helped fuel the surge. In addition, the Pakistani rupee’s recent stability contributed to a favorable investment climate.
What Lies Ahead
As the market eyes upcoming budget announcements, analysts believe that continued investor-friendly policies could maintain this bullish trend. With renewed confidence and foreign support, the PSX appears poised for further growth in the near term.
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