KARACHI – The Pakistan Stock Exchange (PSX) has reached fresh record high on first trading day of the new fiscal year 2025-26 as it extended gains on Tuesday.
The KSE-100 index gained 1,751.24 points to climb to historic high of 127,378.55 points as the investors seemed confident following the rollover the commercial loan by the China and implementation of the budget for new financial year.
According to Topline Securities, the benchmark index increased by 5 percent on MoM basis in the last month of FY25 to post its ever high index closing of 125,627 level.
It said this gain could be attributed to approval by federal cabinet to retire country’s largest-ever financial restructuring plan to retire circular debt in the power sector of Rs1.275trn over the next six years.
Other developments during the month that provided stimulus top the market were:
1) CPI for the month of May clocking in at 3.5% compared to last month 0.3%.
2) Remittance for the month May clocking in at US$3.7bn (up 16% MoM and 14% YoY),
3) Car sales number for the month of May coming in at 14,762 units (up by 35% YoY and 39% MoM),
4) Pakistan Current Account Deficit for May 2025 clocked in at US$103mn compared to Current Account Surplus of US$47mn in Apr-2025 and
5) China has shown willingness to reschedule $1.8 billion debt for a period of two years.
Increase in investor participation was observed during the outgoing month, as average daily traded volume and value during the month stood at 800mn shares (up by 41% MoM) and PKR.29.6bn (up by 6% MoM) respectively.
