PSX opens post-holidays, aims to stabilise recent volatility

KARACHI: The Pakistan Stock Exchange (PSX) opened Thursday on 117,806.74 points, on Thursday’s closing. The market has been closed since Friday, on account of Jummatul Wida and Eid-ul-Fitr holidays.

During the previous week, the benchmark KSE-100 index showed volatility and closed in the negative. On a weekly basis, the market declined by 635 points. Analysts attributed the decline to profit-taking.

Despite the volatility and the decline, brokerage firm Arif Habib Limited published a report saying that Ramazan 2025 has been among the best years for PSX.

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The KSE-100 index recorded a 5.2 per cent return during Ramazan, making 2025 the second-best Ramazan for the PSX returns since 2015, the report said.

The high-performance of the market could be attributed to the staff-level agreement (SLA) reached with the International Monetary Fund (IMF), according to market experts. Moreover, the government’s plans to resolve circular debt and control electricity prices lent further strength to the market.

On Thursday (April 3), the market opened with minor fluctuations, hovering around the opening level with a momentary dip. Around 10 AM, the index looked like this: