by On July 14, 2025, the Pakistan Stock Exchange (PSX) recorded an intraday high of 136,012 on the KSE‑100 Index, marking its first-ever surge past 136,000 points. By the session close, it landed at 136,502.53, up approximately 2,202.77 points (1.64%).
🚀 What Fueled the Rally?
- Economic Tailwinds
Buildups in remittances ($3.4 billion in June; $38.3 billion YTD for FY25), rising foreign reserves ($14.5 billion), booming auto sales, and healthy sectoral earnings provided a sturdy foundation. - Sector Boosters
Heavy buying took place in banking, energy, cement, automotive, and tech—reflecting diversified investor appetite . - Investor Sentiment & Policy Support
The IMF and State Bank’s macroeconomic policies—rate normalization, exchange rate stability—and PM Shehbaz Sharif emphasize consistency helped restore investor. - Earnings Optimism
With corporate earnings season underway, robust earnings from major financial players helped unleash additional momentum. - Pakistan Stock Exchange hits historic high of 136,000 points amid investor optimism.
📊 Market Metrics at a Glance
| Metric | Value |
|---|---|
| Intraday High | 136,012 (crossed 136,500 later closing at 136,502.53) |
| Daily Rise | +2,202.77 points / +1.64% |
| Trading Volume | ~765 million to 941 million shares |
| Total Value Traded | ~Rs 40 billion |
📢 Government & IMF Response
- Prime Minister Shehbaz Sharif hailed the rally as proof of business confidence in stabilizing economic conditions
- IMF praise echoed the sentiment, with officials citing successful economic reforms under Pakistan’s Extended Fund Facility .
- Sector analysts like those at Arif Habib and Topline Securities forecast ~27% returns in FY26, fueled by rate cuts, improved earnings, and policy continuity.
🌐 Broader Implications
- Macro resilience: Record remittance inflows, rising reserves, and sector growth support macro stability.
- Portfolio shift: Lower interest rates are drawing capital from debt markets into equities.
- Currency & capital flows: While rupee pressure persists, improved reserves buffer risks—external financing outlook is stabilizing.
🔭 Expert Take & Outlook
Analysts are upbeat but cautious—FY26 outlook is strong (~27% upside) but contingent on political stability, adherence to reforms, and global risk factors. Continued corporate earnings momentum should sustain the bull run, but vigilance is crucial.
✅ Final Word
The PSX’s record-setting climb past 136,000 points reflects renewed investor optimism underpinned by macroeconomic recovery, policy support, and strong corporate performance. It marks a turning point as Pakistan transitions from stabilization to sustainable economic growth.
