PSX Kicks Off New Year With Record Close as Rate-Cut Hopes Fuel Buying Spree
Pakistan’s stock market started the New Year on a strong footing, with the Pakistan Stock Exchange (PSX) closing at a new all-time high amid rising expectations that the State Bank of Pakistan (SBP) may cut the key policy rate in its upcoming monetary policy meeting.
The rally was driven by aggressive buying from local mutual funds, which boosted investor confidence and triggered broad-based participation across major sectors. Market sentiment remained upbeat throughout the session, reflecting optimism over easing monetary conditions.
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The benchmark KSE-100 Index surged sharply during intraday trading, touching a high of 182,929 points, before settling at 182,408, posting a gain of 3,373 points, or 1.88 percent. The strong close near the day’s peak signaled sustained buying interest and a positive outlook for equities at the start of the year.
Heavyweight stocks including UBL, HBL, ENGROH, MCB, EFERT, and FFC played a key role in lifting the index, together contributing over 1,800 points to the rally.
Market activity remained robust, with total traded volume reaching 1.3 billion shares, while turnover stood at Rs77.9 billion. Bank of Punjab (BOP) led the volumes, with around 95 million shares changing hands, highlighting strong investor engagement across the board.
