KSE-100 Index Breaks Records for Third Straight Day
On Thursday, the Pakistan Stock Exchange, PSX Hits All-Time High. This was the third day in a row of significant gains. The KSE-100 index reached a record intra-day high of 126,025.99 points. Investor mood remained high following the unveiling of the federal budget.
The index gained 1.35%, or 1,673 points, early in the day. It peaked at 126,055.32 points and fell to 124,807.09 points. Investors traded more than 113 million shares worth Rs11.37 billion.
Budget Boosts Market Confidence
Investors responded positively to the FY26 budget, which maintained the existing equity tax structure and increased the withholding tax on bank deposits. Analysts credit these fiscal decisions—paired with a projected 3.9% fiscal deficit and Rs1 trillion allocation for development spending—for fueling the market’s upward momentum.
PSX Hits All-Time High: Leading the gains were key sectors such as cement, oil and gas, banking, and fertilisers. Major stocks like Lucky Cement and Pakistan Petroleum recorded notable increases. While local investors continued to buy aggressively, foreign investors sold off shares worth Rs1.1 billion, signaling mixed sentiment internationally.
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