PSX Breaks Records, scaled unprecedented heights on Friday, with the benchmark KSE-100 index catapulting 2,333 points (1.91%) to close at 124,379 – a weekly gain of 3.6%. This historic rally was powered by:
✅ FY26 portfolio rebalancing by institutions
✅ $3.6 billion fresh inflows ($3.1B commercial loans + $500M multilateral)
✅ Hydrocarbon discoveries in Khyber-Pakhtunkhwa

PSX Breaks Records: 4 Drivers Behind PSX’s Record-Breaking Rally

1. Budget 2025 Effect

• Finance Bill approval with cross-party consensus
• Anticipated rate cuts after bond yield dip (State Bank policy in focus)
• Sector-specific boosts: Cement (+4.28%), Banks (+2.98%), Energy (+6.06%)

2. Foreign & Institutional Buying Spree

Stock	Contribution	Gain
FFC	+212 pts	2.23%
Lucky Cement	+189 pts	4.28%
Meezan Bank	+163 pts	2.98%

Total 1,044 points added by top 7 stocks

3. Energy Sector Breakthrough

• Makori Deep-03 discovery: 22 mmcfd gas + 2,112 bpd oil (Pakistan Oilfields +6.06%)
• OGDC & PPL dominate trading volumes (Rs2.11B & Rs1.94B respectively)

4. Geopolitical & Macro Tailwinds

• Iran-Israel ceasefire stabilizes global markets
• US-Pak trade talks (Shehbaz-Rubio meeting)
• Crude price surge benefits E&P sector

Technical Outlook: What’s Next for PSX?

• Support level: 122,000
• Resistance: 127,000 (next target)
• Volume: 773.4M shares traded (Rs37.6B value)

“Dips remain buying opportunities as liquidity floods the market,” says JS Global’s Mubashir Anis Naviwala.

Sectoral Standouts & Laggard

TOP GAINERS

1. Cement: Lucky Cement (+4.28%), Maple Leaf (+3.6%)
2. Banks: Meezan Bank (+2.98%), UBL (+1.8%)
3. Energy: Pakistan Oilfields (+6.06%), PPL (+3.2%)

DRAGGERS

• Pakistan Services (-8.3%)
• National Foods (-1.76%)
• International Steels (-0.8%)

Foreign Participation & Key Stats

• FIPI: Net Rs1.2B selling by foreigners
• Volume leaders:
  • Bank Makramah: 79.7M shares
  • Ghani Global: 27.7M shares
• Market breadth: 334 ↑, 116 ↓, 34 ↔

Expert Insights

“The rally reflects confidence in economic reforms and global risk-on sentiment. Energy discoveries add fuel to the fire.”
– Ahsan Mehanti, Arif Habib Corp

*”Watch for profit-taking near 125K, but 127K is achievable if inflows sustain.”*
– Topline Securities

Week Ahead: 3 Factors to Monitor

1. SBP Monetary Policy: Rate cut expectations
2. Reserves Update: $3.6B inflow impact
3. Oil Prices: Global trends affecting E&P stocks

STAY UPDATED WITH THE LATEST NEWS. FOLLOW US ON OUR SOCIAL MEDIA CHANNELS:

INSTAGRAM: https://www.instagram.com/whatshappening.pk

FACEBOOK: http://www.facebook.com/whatshappening.pk