PSX hits record high as post-budget bullish trend continues

The Pakistan Stock Exchange (PSX) surged to a record high on Wednesday, continuing its bullish momentum following the unveiling of the federal budget. Investor sentiment remained upbeat, pushing the benchmark KSE-100 Index up by 2,056 points, or 1.66%, to an all-time high of 124,080 points.

The index had closed at 122,025 points on the previous trading day. By 10:57 am, the KSE-100 had already reached its historic peak amid strong market participation and positive investor response to the budget measures.

During the session, shares of 437 companies were traded. Out of which 295 companies saw gains, 125 recorded losses, and 17 remained unchanged.

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Total trading volume stood at 444 million shares, with a market value exceeding Rs18.62 billion, reflecting robust investor activity across various sectors.

The KSE-30 Index also posted a massive gain, rising by 629 points, further affirming the broad-based bullish sentiment across the market.

Analysts attribute the positive momentum to investor optimism over budgetary incentives, fiscal discipline, and expected economic reforms. The rally reflects growing confidence in the government's economic direction and improved macroeconomic indicators.

Market experts anticipate continued volatility in the days ahead as investors digest the full impact of the budget announcements and await clarity on key policy implementations.