Pakistan Stock Exchange Surges Past 142,000 Mark
karachi, Pakistan – The Pakistan Stock Exchange (PSX) achieved a historic high on Monday, with the KSE-100 index surpassing 142,000 points for the first time ever.
The significant increase was fueled by positive expectations regarding upcoming corporate earnings reports this week, a recently finalized tariff agreement with the United States, adn growing optimism for a resolution to the ongoing circular debt issue within the power sector. Strong performances in the cement, oil, and gas industries further contributed to investor confidence, driving the index to a record closing level.
According to Ahsan Mehanti of Arif Habib Corporation,market speculation surrounding major earnings announcements played a key role in the surge. The cement sector particularly excelled, boosted by reports of record cement dispatches in July, showing a 30% increase compared to the same period last year.
Additional factors supporting the rally included robust corporate earnings, the favorable tariff agreement with the U.S., stability in the value of the Pakistani rupee, the governmentS commitment to addressing circular debt, and lower inflation figures for July.
Topline Securities Ltd. reported the KSE-100 index closing at 142,098 points, a gain of 1,018 points, or 0.72%, marking its highest-ever closing level. The Oil & Gas Development Company’s (OGDC) receipt of its first TFC interest payment of Rs 7.7 billion, coupled with optimistic forecasts for cement sector financial results due to improved monthly performance, further bolstered positive sentiment.
Key companies contributing to the market’s gains included Lucky Cement, bank Al-Habib, Habib bank, Hub Power, and Systems Ltd, collectively adding 716 points to the index. Conversely, Packages Ltd, Engro holdings, and Pakistan Petroleum experienced losses, subtracting 134 points.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd, emphasized the KSE-100’s record closing, attributing the rally primarily to strong performances in the oil and cement sectors. OGDC’s solid financial position, demonstrated by the TFC interest payment, also increased investor confidence.
Anticipation of strong earnings from the cement sector, supported by positive monthly performance data, further enhanced the bullish outlook.
The market rebounded to approximately 138,000 points, with a new support level established at 140,000 for the KSE-100 index.A decline below this level could trigger a pullback towards 138,000, where attractive valuations and expectations of easing inflation may encourage renewed buying activity.
Trading volume increased by 9.29% to 666.37 million shares, while the traded value decreased by 15.08% to Rs 42.92 billion.Cnergyico PK led the volume chart, with 53.70 million shares traded.
Published in Dawn, August 5, 2025
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