PSX closes at another all-time high amid 9-year low fiscal deficit

KARACHI: The bulls continued their charge on Tuesday as the Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index notched yet another all-time high, building on yesterday’s momentum, analysts said.

The KSE-100 index soared to an intraday peak of 1,229 points, before settling at 143,037, posting a gain of 985 points (0.69%).

Investor confidence remained buoyant, fuelled by robust local and foreign inflows and broad-based sectoral rallies. Sentiment further strengthened as Pakistan reported a 9-year low fiscal deficit of 5.38% in FY25, with 36% YoY revenue growth outpacing an 18% rise in expenditures, beating both the government and IMF’s 5.6% GDP deficit forecast, Topline Securities said.

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The market’s upward trajectory reflects optimism over fiscal discipline, macroeconomic stability, and a stronger earnings outlook, setting the stage for sustained momentum in the sessions ahead.

The benchmark index closed on a high note, breaking record all-time highs both intraday and at market close, driven by sustained investor optimism and strong sectoral performance.

Fertilizer, Commercial Banks, and Power Generation & Distribution sectors were the major contributors in today’s session, cumulatively adding 718 points to the index, Ismail Iqbal Securities said.

The benchmark KSE-100 Index extended its upward momentum during the today’s trading session, reflecting continued investor interest in key sectors.

While the market maintained a positive trajectory, overall participation showed some signs of cooling, indicating cautious optimism as the index approached record levels, Pearl Securities added.

Major positive contributors included FFC, UBL, MCB, HUBC, and EFERT, which collectively added 679 points to the index. On the downside, PPL, BAHL, and HBL together shaved off 142 points.

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Investor participation remained robust, with total traded volume reaching 548 million shares and a turnover of Rs37 billion. FCCL topped the volume chart with 31 million shares exchanged.