Karachi, July 11, 2025 – The Pakistan Stock Exchange (PSX) continued its upward trajectory on Friday, driven by robust macroeconomic indicators and optimism surrounding the upcoming corporate earnings season, with the KSE-100 Index reaching an all-time high.
The benchmark KSE-100 Index surged to an intraday peak of 134,920.76, gaining 1,138.42 points, or 0.85%, while recording a low of 134,130.40, up 348.06 points or 0.26%. Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company, attributed the rally to “improved macroeconomic indicators and better expectations for corporate results.” The momentum follows a strong Thursday session, where the index rose 1,205.36 points, or 0.91%, closing at 132,782.35.
The State Bank of Pakistan (SBP) reported a significant boost in foreign exchange reserves, which climbed by $1.938 billion to $20.029 billion for the week ending July 4. Central bank reserves increased by $1.774 billion to $14.502 billion, while commercial banks’ reserves grew by $163 million to $5.527 billion. Key drivers included official inflows from multilateral and commercial sources, record remittances of $38.3 billion in FY2025 (up 27% year-on-year), and the SBP’s dollar purchases from the interbank market. Analysts highlighted China’s $3.4 billion debt rollover, a $1 billion mobilization from Middle Eastern banks, and $500 million from multilateral lenders as major contributors.
The positive economic data, coupled with expectations of strong corporate earnings, fueled investor confidence, sustaining the PSX’s bullish run. However, analysts caution that market stability will depend on continued inflows and global economic conditions.
