PSX closes at all-time high amid improved liquidity

KARACHI: The Pakistan Stock Exchange (PSX) benchmark KSE-100 Index closed at 150,975.48 points on Tuesday, marking an all-time high after gaining 1,004.36 points (+0.67 per cent). The rally extended the bullish momentum, with the index touching an intraday high of 151,065.56 points.

On the economic front, the State Bank of Pakistan (SBP) governor said the economy was positioned on a more stable footing, with growth projected between 3.25 per cent and 4.25 per cent in fiscal year 2026, according to Al Habib Capital.

Meanwhile, total petroleum product sales rose to 1.3 million tons in August, up 6 per cent month-on-month MoM).

The rally continued through the day, with the index surging as much as 1,105 points during intraday trading before closing at 150,975 — up 1,004 points or 0.67 per cent.

Key support came from Engro Corporation (ENGROH), Fauji Fertilizer Company (FFC), Engro Fertilizers (EFERT), Bank AL Habib Limited (BAHL), and Bank Alfalah Limited (BAFL), which collectively contributed 938 points to the gains.

Market activity also strengthened, with volumes rising to 1,078 million shares and total traded value reaching Rs44.3 billion. Bank of Punjab (BOP) led the volume chart, with 174 million shares traded.

“The benchmark index closed on a positive note, marking a new all-time high, largely supported by improved liquidity,” Ismail Iqbal Securities said in a note.

Overall, fertilizers, commercial banks, and technology and communication sectors contributed the most, adding a combined 588 points to the index.

Meanwhile, gold prices in Pakistan steadied on Tuesday, holding firm after setting a fresh record in the previous session.

In the local market, the price of gold per tola remained unchanged at Rs370,700, according to the All-Pakistan Gems and Jewellers Sarafa Association (APGJSA). The price of 10 grammes also stood still at Rs317,815.

Internationally, bullion held its ground at $3,480 per ounce, including a $20 premium, while silver in Pakistan was flat at Rs4,303.

A day after the surge

The calm followed a hectic Monday, when gold jumped by Rs3,300 to hit an all-time high. The surge reflected global demand for safe havens as investors shifted money away from the US dollar.