Stock market bullish as trading resumes, index hits new high
Karachi: Pakistan Stock Exchange crossed a new milestone today as a result of a strong rally.
On the first day of the new financial year 2025-26 (July 1), the stock market started trading with a magnificent rally, as a result of which the bullish trend prevailed in the market and the index touched a new high.
On Tuesday, the PSX recorded a surge of 757 points at the start of trading, due to which the KSE 100 index rose to a new high of 126,384 points.
Later, due to investor confidence, the bullish trend in the buying and selling of shares continued and the overall index increased by 1248 points, reaching a new high of 126,876 points.
It should be noted that due to China’s rollover of a loan of 3.4 billion dollars to Pakistan, the government’s foreign exchange reserves reached 14 billion dollars by the end of the last fiscal year as per the IMF conditions, and the expected trade agreements with the United States, the Pakistan Stock Exchange continued to show a bullish trend on Monday.
On the first day of the business week (the previous day), the index also crossed the 125,000-point mark for the first time in the country’s history due to the bullish trend.
