The Pakistan Stock Exchange (PSX) reached a landmark milestone as its benchmark KSE-100 Index crossed the 170,000-point level for the first time in history.
On Wednesday, buoyed by strong investor sentiment, the index surged by 1,241 points early in the session, reaching around 170,697.74 — marking a new all-time high.
Key sectors saw robust buying, including automobile, cement, oil & gas exploration, OMCs, power generation and refineries. Blue-chip stocks such as HUBCO, MARI, OGDC, POL, PPL, HBL and UBL were among those leading gains.
Analysts attribute the rally to renewed confidence stemming from ongoing macroeconomic improvements and optimism about external financing — notably following the approval of a significant tranche from the International Monetary Fund (IMF).
The spike in PSX’s performance has renewed hopes that the record-breaking trend could sustain, potentially motivating more investment activity and even triggering new publicly listed offerings in the near future.