The Pakistan Stock Exchange (PSX) continued its ascending impulse for the third consecutive day on Thursday, with the KSE-100 reference index reaching a historical maximum of 126,025.99 points during the negotiation per day.
The index increased by 1,673.31 points, or 1.35%, in early trade, marking a new milestone for the Bourse during negotiation per day.
The index reached a daily maximum of 126,055.32 and a minimum of 124,807.09.
The previous closure was recorded at 124,352.68. The negotiation volume was recorded at 113,574,464 shares, with a total value of 11,375,804,736.
Early on Wednesday, PSX saw a significant demonstration, with the KSE-100 index flying by 2,328 points (1.91%) to a historical maximum of 124,352.68, driven by the optimism of investors after the announcement of the federal budget.
The budget, which maintained the status quo on capital taxes and the increase in tax deposits tax retention, was welcome by market participants, since it was considered favorable for capital markets and economics.
The analysts stressed that the budget provisions, including the projections of a fiscal deficit of 3.9% and a federal PSDP RS1, were added to the upward feeling.
Read more: PSX in the new peak as the budget causes optimism
Arif Habib Corp MD Ahsan Mehanti observed that the shares reached a new historical maximum, directed by the general activity, since investors cheered the status quo on capital taxes and the highest tax retention on bank deposits in the FY26 budget.
The wide base participation promoted the rally, with strong profits in sectors such as cement, oil and gas, banking and fertilizers. Notable actions such as Lucky Cement, Fauji Fertilizer and Pakistan Petroleum saw significant profits.
Investor trust was further promoted by the avoidance of new taxes and the continuation of subsidies for the key sectors.
JS Mubashir Anis Naviwala’s global analyst said that the stock market welcomed the budget with strong optimism, breaking all levels of resistance to cross the 124,000 mark.
A new historical maximum of 124,588 years was reached before the index was established in 124,353, more than 2,328 points.
The market experienced a strong increase in negotiation volumes, reaching 1.04 billion shares, with a value of 46.7 billion rupees. The negotiation of the day also saw a positive trend in the actions, with 283 closed actions.
However, foreign investors sold shares worth RS1.1 billion, as reported by the National Clearing Company.
