The Pakistan Stock Exchange (PSX) soared to new records on Monday, with the KSE-100 Index crossing the 155,000 mark in early trading.
By 10am, the index had climbed 1,274.76 points or 0.83% to reach 155,551.95. Gains were led by cement, banking, and energy sectors. Major index movers included OGDC, PPL, HUBCO, and HBL, which all traded in positive territory.
The upbeat trend comes as easing inflation strengthens the case for a potential interest rate cut. However, analysts caution that food price increases linked to flood damage could keep the State Bank guarded in its policy decisions.
Read More: Investor Optimism Lifts PSX as Global Sentiment Improves
The PSX has been on a historic run. Last week, it gained nearly 5,700 points to close at 154,277, marking one of its strongest weekly performances this year. Analysts credit robust local participation, optimism from high-level China engagements, and improved macroeconomic indicators.
Meanwhile, international markets were mixed. Japan’s Nikkei surged 1.8% as investors bet on looser policy following Prime Minister Ishiba’s resignation. The yen weakened to 148.39 against the dollar. Asian markets saw modest gains, while Wall Street closed slightly lower on Friday amid soft labour market data.
For Pakistan’s market, however, the focus remains firmly on domestic resilience and investor confidence, which continues to fuel record highs despite persistent foreign selling.
