KARACHI – The Pakistan Stock Exchange (PSX) crossed two historic milestones to reach all-time high level on Friday amid optimisms over cut in policy rate and potential ratings upgrade by Moody’s.
The KSE-100 index touched the historic high of 140,585 points level after it gained 1,919 points as compared to previous close of 138,665.49 points.
Experts have attributed the strong buying rally to hopes of policy rate cut, easing inflation and increasing remittances.
They hoped that the market would conclude the business week on a positive note as the investors are expected to avoid profit-taking.
On Thursday, the stock market stayed bullish, gaining 2,285.53 points, a positive change of 1.68 percent, closing at 138,665.50 points against 136,379.97 points last trading day.
A total of 780,007,655 shares were traded during the day as compared to 705,955,999 shares the previous trading day, whereas the price of shares stood at Rs 39.975 billion against Rs 32.185 billion on the last trading day.
As many as 486 companies transacted their shares in the stock market, 306 of them recorded gains and 154 sustained losses, whereas the share price of 26 companies remained unchanged.
According to the State Bank of Pakistan, workers’ remittances were recorded at $ 3.4 billion in June 2025.
In terms of growth, remittances increased by 7.9 percent on y/y basis. During fiscal year 2024-25, the remittances rose by 26.6 percent to $ 38.3 billion compared to US$ 30.3 billion in FY24.
Remittances during June 2025 were mainly sourced from Saudi Arabia ($823.2 million), United Arab Emirates ($717.2 million), United Kingdom ($537.6 million) and United States of America ($281.2 million).
