Bulls prevail at PSX amid record current account surplus

KARACHI: The Pakistan Stock Exchange (PSX) closed on a bullish note on Thursday amid record current account surplus gaining 881 points or (0.76 per cent) closing at 116,901 level, analysts said.

The Central bank reported a record-breaking current account surplus of $1.2 billion, the highest in the country’s history in March 2025, due to record-high remittances, contributed to the surplus, creating a bullish sentiment in the market, said Mohammad Rizwan, Director at Chase Securities.

The State Bank of Pakistan on Thursday said $1.195 billion is the current account surplus posted by Pakistan in March which marks the highest-ever monthly surplus in its history.

Cement stocks were in the spotlight as some brokerage houses reported a price improvement of Rs30 in the North, potentially benefiting MLCF, LUCKY, and FFCL with gains of 1-6 per cent, Chase Securities Research note said.

“Investors confidence was buoyed by improved macroeconomic indictors, including a record-high current account surplus by massive remittances inflows totalling $4.1 billion.

Sentiment was further supported by Kuwait’s decision to extend its oil credit facility to Pakistan for another two years,” Al Habib Capital Research note said.

Index performance was largely driven by heavyweights stocks including UBL, PSO, NBP, MARI, and MLCF, which collectively contributed 515 points, underscoring their pivotel role in sustaining market momentum.

“Stocks showed a sharp recovery amid $1.195 billion record current account surplus in Mar25 and Kuwait extended oil credit facility to ease rupee instability and attract foreign inflows,” said Ahsan Mehanti, CEO at Arif Habib Commodities.

Fitch Ratings upgrade of default rating and stable outlook, surging Asian equities and crude oil prices, upbeat economic data on remittances, inflation played catalyst role in bullish close, Mehanti added.

Pakistan posts record monthly current account surplus

Investor particpation remained robust, with 402 million shares traded and total market turnover climibing to Rs 32 billion, MLFC emerged as the volume leader, with 23 million shares were traded.