Pakistan stock market reaches another all-time high

The Pakistan Stock Exchange closed at a record high on Thursday with the benchmark KSE-100 index gaining 0.9% to close at 133,782 points.

The momentum was driven by renewed buying from financial institutions and high-net-worth individuals on expectations of heathy financial results.

The market also recorded improvement on back of historic high remittances from overseas Pakistanis that reached $38.3 billion in FY25, surpassing exports by $6 billion.

An analyst from Ismail Iqbal Securities said the benchmark index closed on a positive note, largely driven by strength in the banking sector amid growing excitement around the upcoming earnings season.

Investor sentiment remained upbeat as expectations of results fueled buying interest.

Commercial banks, fertilizer, and textile composite sectors were the major contributors in Thursday's session, cumulatively adding 987 points to the index.

An analyst from Al Habib Capital Markets said that the sentiment remained buoyant amid strong economic indicators and corporate developments. Record remittances and progress on the Roosevelt Hotel’s $1 billion valuation in the proposed redevelopment plan, World Bank’s likely support for Reko Diq, a 10% rise in exports to the U.S., and a $1 billion syndicated loan by Dubai Islamic Bank all boosted investors’ confidence.