The Pakistan Stock Exchange’s benchmark KSE-100 index soared to a historic high on Tuesday, closing at 120,450 points after gaining nearly 1,600 points in a single session. The index surged by 1,573 points, or 1.31 percent, compared to the previous close, marking a new milestone for the market.
Trading activity was robust, with 578.16 million shares changing hands, up from 497.94 million shares in the previous session. The total value of shares traded also climbed to Rs. 26.82 billion, compared to Rs. 23.45 billion a day earlier.
A total of 467 companies participated in the day’s trading. Of these, 232 recorded gains, 187 saw losses, and 48 remained unchanged.
The bullish sentiment was fueled in part by a major development on the international front: the Asian Development Bank (ADB) approved an $800 million financing package for Pakistan, disregarding objections raised by India. The package includes a $300 million policy loan and a $500 million guarantee, which will help Pakistan secure up to $1.5 billion in foreign commercial loans.
Market analysts attributed the record rally to renewed investor confidence following the ADB’s decision, which is expected to bolster Pakistan’s foreign reserves and support economic stability.
