PSX rallies over 1,500 points as record remittances lift investor sentiment

KARACHI The Pakistan Stock Exchange (PSX)’s benchmark KSE-100 Index gained 1,536.70 points, or 1.34 per cent, to close at 116,390.03 on Monday.

The benchmark index ended in the green, reflecting positive momentum in regional markets.

“Sentiment got a significant boost after record-high remittances of $4.1 billion were reported for March 2025, helping the Index gain traction and build momentum through the session,” said a research note from Ismail Iqbal Securities.

Bulls stood firm during the session, with the index posting a robust intraday gain of 1,640 points before settling at 116,390 — up 1.34 per cent.

Governor State Bank of Pakistan Jameel Ahmed said on Monday that the country is expected to receive USD 4 to 5 billion before June, which would take foreign exchange reserves above USD 14 billion by the end of the fiscal year. He was speaking at a morning ceremony.

The upbeat momentum was largely driven by better-than-expected remittance figures, which significantly bolstered investor sentiment, Topline Securities noted.

Further support came from a broadly positive trend across regional markets, encouraging local investors to re-enter and build fresh positions across key sectors, the note added.

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Notable gains in heavyweight stocks also fueled the rally, with UBL, LUCK, HUBC, ENGROH, and EFERT collectively contributing a substantial 1,178 points to the index.

In terms of traded value, LUCK (Rs1.7 billion), HUBC (Rs1.6 billion), MARI (Rs 1.5 billion), PSO (Rs 867 million), and PAEL (Rs816 million) emerged as the most actively traded scrips.

Overall market participation remained strong, with total traded volume reaching 483 million shares and traded value standing at Rs27.4 billion, reflecting renewed investor interest and a broad-based recovery, Topline Securities added.