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Pakistan Stock Exchange (PSX) continued its upward journey on Tuesday as it crossed 128,000 points for the first time in history. The bull-run was driven by the allocation of fresh funds for the equity market, economic and political stability as well as optimism surrounding fiscal reforms announced in the federal budget.
At the close of trading, the benchmark KSE-100 index recorded an increase of 2,572.11 points, or 2.05%, and settled at 128,199.43.
In its review, Arif Habib Limited (AHL) commented that gains extended up to 128,000 points as the KSE-100 index rose 2.05%. Some 60 shares rose and 39 fell with Fauji Fertiliser Company (+5.04%), UBL (+5.03%) and MCB Bank (+8.91%) contributing the most to index gains.
Another historic high for Pakistan’s capital market!
The KSE-100 Index hits a new record, closing at 128,199.42 points — gaining 2,572.11 points (+2.05%).
Market on the move — reflecting continued investor optimism and economic resilience. pic.twitter.com/sELIW4C6S5
— PSX (@pakstockexgltd) July 1, 2025
On the flip side, Lucky Cement (-1.54%), DG Khan Cement (-2.48%) and Tariq Glass Industries (-4.36%) were the biggest drags, it said.
AHL noted that the Consumer Price Index (CPI) for June 2025 recorded an increase of 3.2%, compared to a hike of 3.46% in May. Inflation slowed last month, despite a sharp rise in fuel costs following the Israel-Iran military conflict. The government raised fuel prices by as much as Rs13.75 in June, the highest increase in 11 months.
“Support for the index rises to 126,500 points, with the broader target of 130,000 now in sight,” commented the brokerage house.
Overall trading volumes slightly decreased to 1.03 billion shares compared with Monday’s tally of 1.1 billion. The value of shares traded was Rs44 billion. Shares of 479 companies were traded. Of these, 233 stocks closed higher, 206 fell and 40 remained unchanged.
