Pakistan stock market soars past record 136,000 points in equities-driven rally

A man uses a mobile phone as he takes a photo of the electronic board displaying share prices during a trading session at the Pakistan Stock Exchange, in Karachi, Pakistan, on November 28, 2023. (Reuters/File)
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Updated 14 July 2025
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Pakistan stock market soars past record 136,000 points in equities-driven rally

  • Banking sector heavyweights led the momentum, collectively contributing 1,443 points to the benchmark index
  • Financial analysts say Pakistani investors are turning to equities on account of ‘low’ fixed-income yields

KARACHI: The Pakistan Stock Exchange (PSX) breached the 136,000-point mark to reach an all-time high on Monday, with financial analysts attributing the surge to investors’ continued preference of equities over fixed income assets.

The benchmark KSE-100 index closed at 136,502.53 points, gaining 2,202.77 points or 1.64 percent, as compared to the weekend close of 134,299.76 points.

Analysts said the surge was driven by investors shifting from fixed income assets to equity funds amid consistent inflows from mutual funds.

“Stocks closed at new all-time high amid speculations in the earnings season ahead of major earnings announcement due this week,” Ahsan Mehanti, CEO of Arif Habib Commodities, told Arab News.

He said thin inflation that clocked in at 3.2 percent year-on-year in June, surging exports, and the government deliberations over privatization of state-owned enterprises (SOEs) also contributed to bullish close.

Naveed Nadeem, senior equity trader at Topline Securities Limited, said banking sector heavyweights led the momentum, collectively contributing 1,443 points to the benchmark index.

“Overall market activity remained vibrant, with trading volumes surpassing 838 million shares, while the total traded value climbed to PKR 37 billion,” he said. “CSIL (Crescent Star Insurance Limited) emerged as the volume leader, with 47 million shares.”

Shahid Ali Habib, CEO at Arif Habib Limited, said investors were turning to equities as fixed income yields were low.

“More liquidity is coming and the investors are trying to identify new alpha stocks,” he said.

Prime Minister Shehbaz Sharif expressed happiness over the surge in stocks as state media credited the government’s economic policies for the bullish trend.

“Providing a business-friendly environment in the country is our top priority,” Sharif said, adding that Pakistan had now embarked on the path to economic growth.


Pakistan court orders full eye exam for jailed ex-PM Imran Khan, PTI party says 

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Pakistan court orders full eye exam for jailed ex-PM Imran Khan, PTI party says 

  • Party says directive supports concerns over medical access in custody
  • Lawyer earlier told reporters Khan’s health “is fine” after prison visit

ISLAMABAD: Pakistan’s opposition Pakistan Tehreek-e-Insaf (PTI) party said on Thursday the Supreme Court had ordered a full eye examination of jailed ex-premier Imran Khan to be completed before Feb. 16, escalating a dispute between the government and Khan’s family over his medical care in prison.

Concerns about Khan’s health have resurfaced in recent weeks after authorities confirmed he had been briefly taken from prison to a hospital in Islamabad for an eye procedure. The government said at the time his condition was stable, while PTI leaders and Khan’s family complained they had not been informed in advance and alleged he was being denied timely and independent medical access.

The issue was taken up by the Supreme Court earlier this week, which appointed senior lawyer Salman Safdar as a “friend of the court” to visit Khan at Rawalpindi’s Adiala prison and submit a written report on his living conditions.

In its statement on Thursday, PTI said the court had now directed that Khan undergo a comprehensive medical review of his eye condition.

“The Supreme Court’s order for a complete eye check-up of Imran Khan vindicates the party’s longstanding concerns about his deteriorating health and denial of timely, independent medical care in custody,” the party said, adding that he should be given “immediate” access to his personal physician.

Safdar, who met Khan in prison on Tuesday, had earlier sought to calm speculation about his condition.

“It is fine,” Safdar told reporters outside the prison when asked about Khan’s health, declining to provide further details. “I will speak about the rest in the report.”

According to a copy of an earlier court order seen by Arab News, the Supreme Court had tasked Safdar with submitting a written report regarding the “living conditions of the petitioner in jail,” noting that a previous report related to Khan’s detention at Attock jail in 2023 did not reflect his current circumstances.

In its latest statement, PTI framed the court’s directive as part of a broader legal principle.

“This is bigger than one medical test. It is about whether the rule of law applies to political opponents, or only to protect those in power,” the party said, demanding “immediate and transparent implementation of the Court’s order” and “unrestricted access to qualified specialists of his choice.”

Khan has been in jail since August 2023 in connection with multiple cases that he and his party say are politically motivated, an allegation the government denies. He was removed from the PM’s office in April 2022 through a parliamentary vote of no confidence.

There was no immediate response from the government on Thursday to PTI’s latest statement.