The Pakistan Stock Exchange (PSX) witnessed another strong rally on Tuesday as the KSE-100 Index broke past the 149,000 barrier in early trade, continuing its record-setting streak.
By 10:10am, the index had risen to 149,162.07 points, up by 965.65 points or 0.65%. Analysts reported active participation in major sectors such as banks, automobile companies, pharmaceuticals and cement, with large-cap stocks like DGKC, HBL, MCB, MEBL and UBL trading in the positive zone.
Market specialists noted that optimism came from reports of an upcoming government plan to tackle circular debt, which has long strained Pakistan’s energy sector. They explained that such reforms could improve cash flows within the energy chain, a key factor behind investor confidence.
The performance followed Monday’s upward momentum, when the benchmark index had closed at 148,196.42 points after a robust session.
Globally, Asian markets showed weakness as shares and oil prices dropped ahead of major central bank meetings. In Europe, futures improved slightly after President Zelenskiy said Ukraine’s security guarantees were likely to be finalized soon following consultations with the US and European leaders.