The Pakistan Stock Exchange (PSX) reached a historic milestone on Tuesday, crossing the 150,000 mark for the first time. Investors showed optimism following positive economic forecasts and ongoing reforms in the energy sector.
The benchmark KSE-100 Index closed at 149,770.74 points, up 1,574.32 points, or 1.06%, from Monday’s close of 148,196.42. During the session, the index touched an intraday high of 150,323.38 points, reflecting a gain of 2,126.96 points, or 1.44%. The session’s low was 148,293.94, a modest increase of 97.52 points, or 0.07%.
“Mutual funds liquidity is rerating the market. There is plenty of cash taking a medium-term view. Valuations are not cheap anymore,” said AAH Soomro, an independent investment and economic analyst.
Investor sentiment was further boosted by global credit rating agency Fitch, which projected Pakistan’s real GDP growth to rise to 3.5% by 2027, up from 2.5% in 2024. Fitch attributed the growth to ongoing reforms, fiscal improvements, and economic recovery. The agency also highlighted Pakistan’s upgraded Long-Term Issuer Default Rating (IDR) to ‘B-’/Stable from ‘CCC+’ in April 2025.
Earlier, Moody’s had also upgraded Pakistan’s credit rating by one notch, from ‘Caa2’ to ‘Caa1’, with a stable outlook, signaling stronger economic fundamentals.
Meanwhile, the government’s Task Force on Power announced a five-year plan to reduce the country’s rising gas circular debt, which currently stands at Rs2,600 billion. The strategy includes a Rs5 per litre petroleum levy expected to raise Rs500 billion, dividends from state-owned oil and gas companies, and diverting two LNG cargoes per month to international markets. Officials said the plan could reduce the debt by Rs1,500 billion, with the remainder expected to be cleared through waivers.
The achievement marks a significant boost to investor confidence, highlighting the positive impact of reforms and economic measures. The PSX 150,000 milestone reflects the growing optimism in Pakistan’s equity market and the strengthening economic outlook.
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