PSX ends at record high on upbeat economic data, CPEC progress

KARACHI: The Pakistan Stock Exchange (PSX) closed at yet another all-time high on Thursday as positive economic data, stability in the rupee and optimism over CPEC Phase-II kept investor sentiment upbeat.

The benchmark KSE-100 index climbed 464 points, or 0.30 per cent, to settle at 152,666 after touching an intraday high of 1,209 points.

Trading remained volatile as profit-taking surfaced during the session, but the market held its ground and finished on a strong note.

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“Stocks closed new all time high as investor weigh upbeat economic data on fertilizer, oil and cement sales for Aug’25,” Arif Habib Commodities CEO Ahsan Mehanti told Hum News English.

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He added: “Government deliberations to resolve power sector circular debt crises, rupee stability and upbeat cotton production data for Aug’25 played catalyst role in record bullish close at PSX.”

Brokerage Ismail Iqbal Securities said the index managed to withstand profit-taking pressures, setting fresh records both intraday and at the close.

Topline Market Review (Sep 04, 2025):

The rally persisted in today’s trading session, with the market maintaining strong momentum throughout the day. The benchmark index soared to an intraday high of 1,209 points before closing at 152,666 — posting a gain of 464 points or 0.30%.… pic.twitter.com/tbKLTWiDYt

— Topline Securities Ltd (@toplinesec) September 4, 2025

Al Habib Capital pointed to “encouraging developments” on the CPEC front, as Pakistan and China agreed to push ahead with Phase-II of the multibillion-dollar project.

Investor sentiment was further buoyed by Pakistan Petroleum Limited’s announcement of a major oil and gas discovery at its Dhok Sultan-03 well in Attock district.

Cement, fertiliser and technology shares led the charge, collectively contributing 520 points to the index.

Heavyweights such as Fauji Fertiliser Company, Lucky Cement, Systems Limited, Mari Petroleum and Askari Bank added a combined 484 points.

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Trading activity remained brisk, with volumes rising to 950 million shares, while the total value of transactions stood at Rs45.9 billion. Bank of Punjab topped the volume chart, with 99 million shares changing hands.