In the final month of 2025, the Pakistan Stock Exchange (PSX) reached a historic milestone as the benchmark KSE-100 Index surged by 1,733 points to close at 172,047, marking the first time the index crossed the 172,000-point level. The sharp rise signaled strong investor confidence and ushered in a new chapter in the country’s capital markets.
During Thursday’s trading session, the market gained more than 1,700 points, driven by a combination of positive macroeconomic indicators. Analysts attributed the rally to a sustained current account surplus, easing interest rates, and the release of a key tranche by the International Monetary Fund (IMF), which helped reinforce confidence in Pakistan’s economic outlook.
The PSX has been on a strong upward trajectory in recent weeks. Earlier, it crossed the 170,000-point mark for the first time, setting successive records amid improving investor sentiment.
Key developments supporting the rally included the successful completion of the IMF installment, the start of circular debt repayments, and a $1.25 billion investment commitment by the United States in the Reko Diq project.
Over the previous five trading sessions, the KSE-100 Index rose by 1.7 percent, gaining a total of 2,780 points to close at 169,864 points earlier in the week. During this period, the index touched a weekly high of 170,697 points and a low of 167,386 points, highlighting increased market activity and optimism.
Market participants noted that sustained reforms, fiscal discipline, and improved foreign inflows have played a crucial role in boosting investor confidence. The continued decline in interest rates has also encouraged equity investments, making stocks more attractive compared to fixed-income instruments.
With strong fundamentals, improved liquidity, and positive economic signals, analysts believe the PSX could maintain its momentum in the near term, provided macroeconomic stability continues and policy consistency is maintained.
