PSX market rally achieved new milestones Tuesday as investor optimism surged pre-budget. Specifically, the benchmark KSE-100 index climbed 782.56 points (0.64%) to 122,423.56 during intraday trading. Remarkably, this continues the exchange’s record-breaking performance after Eidul Azha holidays.

1. PSX market rally: Trading Session Shows Strong Momentum

PSX market rally began with immediate bullish activity. Initially, the index touched 122,611.53 before stabilizing at 122,423.56. Furthermore, trading volumes reached 144,033,353 shares valued at Rs7.78 billion. Comparatively, Monday’s closing stood at 121,641.00 points.

https://whatshappening.pk/islamic-life-lessons-world-is-means-test-fleeting-insignificant/

Additionally, last week’s performance set the stage. Notably, the KSE-100 peaked at 121,798 points on June 4. Consequently, this represented a weekly gain of 1,950 points (+1.63%).

2.PSX market rally: Key Drivers Behind the Surge

PSX market rally stems from multiple positive developments:

• Successful IMF budget negotiations
• Recently approved $800 million ADB financing package
• Finalized Rs1.275 trillion circular debt resolution

Moreover, macroeconomic indicators boosted confidence:

• 10% YoY growth in petroleum sales
• Inflation cooling to 3.5%
• 23% MoM reduction in trade deficit

However, SBP reserves dipped slightly by $7 million to $11.5 billion.

3. Sector Performance and Foreign Activity

PSX market rally saw particular strength in:

• Commercial banks
• Power generation
• Fertilizer sector
• Food products

Conversely, foreign investors sold $14.7 million worth of shares. Surprisingly, this exceeded previous week’s outflows.

Market Outlook Pre-Budget

The market rally demonstrates growing investor confidence. Ultimately, all eyes remain on the upcoming federal budget. Therefore, analysts expect continued volatility with upward potential. In conclusion, macroeconomic improvements and foreign inflows could sustain this record-breaking trend.

The record-breaking rally at the Pakistan Stock Exchange reflects growing investor confidence ahead of the federal budget, supported by positive macroeconomic developments and progress on key financial agreements. While sectors like banking, power, and fertilizers lead the charge, foreign outflows and slight declines in reserves remind us that market dynamics remain fluid. As all eyes turn to the upcoming budget announcement, the market’s sustained momentum will depend on continued economic stability and investor-friendly policies. This historic performance underscores the PSX’s resilience and potential, though prudent analysis remains essential in navigating future trends.

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