The Pakistan Stock Exchange surged to unprecedented levels on Thursday as investors responded positively to the federal government’s announcement of electricity rate reductions exceeding Rs. 7.4 per unit.
The benchmark KSE-100 index briefly crossed the 119,000 mark, reaching 119,179 points around 3:25 PM before settling at 118,938 by closing bell—still a new all-time high. The index gained 1,131 points or 0.96 percent for the day.
Trading activity was robust with 422.7 million shares changing hands, valued at Rs. 28.21 billion. Among the 452 companies active in the session, 247 recorded gains while 154 posted losses, with 51 remaining unchanged.
The market rally came directly in response to Prime Minister Shehbaz Sharif’s announcement of significant electricity tariff reductions for both domestic and industrial consumers.
