PSX Extends Bullish Run, KSE-100 Crosses 165,000 for First Time

Karachi – September 30, 2025 – The Pakistan Stock Exchange (PSX) continued its record-breaking rally on Tuesday, with the benchmark KSE-100 Index crossing the 165,000 mark for the first time in history during intraday trading.

• At 12:05pm, the index was recorded at 165,528.18 points, gaining 1,680.50 points (1.03%).
• Buying momentum was seen across automobile assemblers, commercial banks, fertiliser, oil & gas exploration, OMCs, power generation, and refinery sectors.
• Heavyweight stocks including ARL, HUBCO, OGDC, POL, PPL, SNGP, SSGC, MCB, MEBL, and UBL all traded in the green.

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Market Drivers

• The rally coincides with the start of Pakistan-IMF talks on the $7 billion Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF).
• Discussions focus on fiscal performance, structural reforms, and the National Fiscal Pact, which has boosted investor confidence.
• Analysts believe the IMF’s view that floods have not severely impacted the economy has provided a breather for markets.

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Analyst Insights

Sana Tawfik, Head of Research at Arif Habib Limited, said:

• “Inflation is likely to remain in single digits — between 5.5% and 6% — despite food price pressures.”
• “Fresh buying momentum is expected to continue now that the rollover week has ended.”

Global Market Trends

• Asian stocks also showed strength, with MSCI’s Asia-Pacific index (ex-Japan) up 0.5%, marking its best monthly gain in a year.
• Japan’s Nikkei dipped 0.3%, while gold continued its upward climb.
• In the US, uncertainty looms as a possible government shutdown threatens to delay critical job data releases.

Context

On Monday, the PSX had already gained 1,590.68 points (0.98%), closing at 163,847.69, marking a strong start to the week. Today’s intraday surge further cements the bullish sentiment, with record-high levels attracting both local and foreign investors.

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