KARACHI – The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend on Tuesday, with the benchmark KSE-100 Index climbing over 787 points amid renewed investor confidence and anticipation surrounding the federal budget for the financial year 2025–26, which is set to be unveiled today.
On the first trading day after the Eid-ul-Azha holidays, the market opened on a positive note, gaining 324 points in early hours of trade.
The initial surge pushed the KSE-100 Index to 121,900 points.
As the session progressed, the upward momentum continued, with the index hitting a new intraday high of 122,400 points.
The strong rally is being attributed to investors’ optimism ahead of the federal budget, with expectations of business-friendly policies, potential tax relief measures, and steps to stabilise the macroeconomic environment.
It may be mentioned here that the KSE-100 had previously touched a record high of 122,281 points on June 5, a level that was surpassed today, underlining the strength of the current rally.
The market analysts believed that the upcoming budget would play a crucial role in shaping investor sentiment for the coming months, especially amid ongoing discussions with the International Monetary Fund (IMF) and the need for fiscal discipline alongside growth incentives.
Pakistan govt set to present Rs17.6tr budget for 2025-26 on Tuesday
