KARACHI – June 28:
The Pakistan Stock Exchange (PSX) surged to an all-time high on Friday, with the benchmark KSE-100 index climbing 2,332.60 points (1.91%) to close at 124,379, driven by strong investor sentiment following the approval of the federal budget for FY2025-26 and rising Roshan Digital Account (RDA) inflows.
According to Ali Najib, Deputy Head of Trading at Arif Habib Ltd, the market “rebounded sharply from Thursday’s brief profit-taking, maintaining bullish momentum throughout the session.” Institutional investors led the charge, rebalancing portfolios and expressing confidence in the fiscal direction signaled by the new budget.
Adding to the upbeat mood were robust RDA inflows, which reached $10.38 billion by May 2025. Monthly inflows climbed 13% to $201 million, and total RDA accounts rose to 823,224, further strengthening confidence in Pakistan’s external account position.
Heavyweights such as Fauji Fertiliser Company, Lucky Cement, Meezan Bank, Pakistan Oilfields, and Engro Holdings were among the top contributors, collectively adding 866 points to the index’s gain.
The rally was supported by high market activity, with 773 million shares traded, worth Rs37.6 billion. Bank Makramah topped the volumes chart with 79.7 million shares exchanged.
On a weekly basis, the KSE-100 index posted a gain of 4,356 points (3.63%), marking its strongest weekly performance in recent months. After opening at 118,272, the index hit an intraday high of 125,285 and a low of 115,887, closing well above the critical 120,000 psychological level.
Market analysts say that maintaining stability above 122,000 signals strong momentum. If this trend continues, the index could potentially advance toward 130,000, supported by improving macroeconomic indicators and sustained investor optimism.
