Pakistan Stock Exchange Hits Historic High, Surpasses 130,000 Points

Pakistan Stock Exchange (PSX) continued its record-setting momentum on Wednesday, as the benchmark KSE-100 Index surpassed the 130,000 mark for the first time during intra-day trade.

By 1:00 PM local time, the index was at 130,122.77, up 1,923.35 points or 1.5% from the previous close of 128,199.42.

The KSE-100 hit an intraday high of 130,137.57, with the session's low at 128,616.11. Market volume exceeded 220 million shares, with a total traded value of PKR 19.21 billion.

On Tuesday, the KSE-100 Index surged by 2,300.18 points or 1.83% to close at 127,927.49, setting a new all-time high. The index reached an intraday peak of 128,149.46, with the session's low at 126,113.27.

PSX emerged as the top-performing market in Asia, delivering a 60% return for FY25, outperforming major regional peers. This strong performance was attributed to macroeconomic stability, structural reforms, and improved investor sentiment amidst global and domestic challenges.

Analysts highlighted a robust recovery in confidence, increased trading activity, and strong sectoral performance as key factors driving the market's rally.

Pakistan's equity market, despite the rally, remains undervalued with a price-to-earnings (P/E) multiple of 6.3 times, well below regional averages. This valuation gap presents significant upside potential for long-term investors seeking undervalued emerging market exposure.

The KSE-100 Index's momentum was credited to aggressive monetary easing, tight fiscal policy, and a strong external account, making equities the top asset class for the second consecutive year.

Investor participation saw a significant increase in FY25, with trading volumes rising 43.6% year-on-year to a record 823 million shares, and the value traded surging 82.6% to Rs38.1 billion.

According to the source: The Express Tribune.