Pakistan stocks hit record high as army chief backs economy — analysts

Local journalists report during a trading session at Pakistan Stock Exchange (PSX) in Karachi on May 12, 2025. (AFP/File)
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Updated 22 July 2025
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Pakistan stocks hit record high as army chief backs economy — analysts

  • KSE-100 index closes at 139,419 points as military chief’s assurance to businesses drives investor confidence
  • Engro, HBL, FFC among top gainers, trading volume crosses 627 million shares amid bullish sentiment

ISLAMABAD: The Pakistan Stock Exchange (PSX) hit an all-time high on Monday, buoyed by investor confidence following assurances of economic support to business leaders from the country’s powerful military, analysts said.

The benchmark KSE-100 index gained 1,202.03 points, or 0.87 percent, to close at a record 139,419.61, up from the previous close of 138,217.58.

The rally followed a widely reported meeting between business leaders and army chief Field Marshal Asim Munir on Sunday, during which he reportedly pledged the military’s backing for Pakistan’s economic revival. The delegation included representatives of the All Pakistan Textile Mills Association, the Federation of Pakistan Chambers of Commerce and Industry (FPCCI) and the Lahore Chamber of Commerce and Industry (LCCI).

The army has not confirmed the meeting, but it was reported by nearly all major Pakistani media outlets. 

Investors also reacted positively to the government’s Senate gains and expectations of strong upcoming corporate earnings.

“Stocks closed at a new all-time high after business leaders’ meetup with Field Marshal Asim Munir assured military’s support for economic progress,” said Ahsan Mehanti, CEO of Arif Habib Commodities.

Pakistan’s ruling coalition, led by Prime Minister Shehbaz Sharif, also achieved a significant political victory by securing a two-thirds majority in the Senate, following the Khyber-Pakhtunkhwa assembly elections, which Mehanti said had also helped the market. 

Market heavyweight stocks including Engro Corporation (ENGROH), Habib Bank Limited (HBL), Fauji Fertilizer Company (FFC), Engro Fertilizers (EFERT), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company (OGDC) collectively contributed 1,142 points to the index.

According to a market note from Topline Securities, the bullish momentum was driven by renewed investor confidence.

“This wave of optimism helped paint a bullish picture across the board, setting the tone for a potentially upbeat week ahead,” the brokerage house said.

Trading volume remained strong, with 627 million shares changing hands and total turnover reaching Rs34.6 billion. First Dawood Properties Limited (FDPL) led the volume chart with 44 million shares traded.


Four people, including two policemen, killed in twin blasts in northwest Pakistan

Updated 07 March 2026
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Four people, including two policemen, killed in twin blasts in northwest Pakistan

  • Attack on police van in South Waziristan and motorbike-mounted IED in Lakki Marwat hits KP province
  • Violence comes amid a surge in militancy and cross-border clashes between Pakistan and Afghanistan

ISLAMABAD: At least four people, including two policemen, were killed and about 20 others wounded in two separate blasts in Pakistan’s northwestern Khyber Pakhtunkhwa province on Saturday, officials said, the latest violence in a region grappling with militant violence.

One explosion targeted a police patrol van in Wana, the main town of South Waziristan district near the Afghan border, while another blast caused by explosives mounted on a motorbike struck a market area in Lakki Marwat district, according to police officials and preliminary reports.

The incidents come amid rising militant violence in Pakistan’s northwest, where authorities say armed groups operate from across the border in Afghanistan, straining relations between Islamabad and the Taliban administration in Kabul, with both sides engaged in a military conflict since last month.

“The control room received information in the evening about a bomb blast targeting a police van in Wana Bazaar,” a police official in the area, who did not want to be named, confirmed while speaking to Arab News over the phone.

He confirmed two deaths in the incident while saying more than 25 people had been injured.

The official said rescue teams responded promptly and shifted three seriously injured people to a nearby hospital in Wana.

In another incident during the day in Lakki Marwat, an improvised explosive device attached to a motorbike exploded near shops.

“Two people have been killed and about 10 have been injured in an IED blast in Lakki Marwat,” Raza Khan, Deputy Superintendent of Police in Bannu, told Arab News.

“The deceased are identified as Shoaib Ur Rehman and Furqan Ullah,” he added. “Shoaib, the owner of the shop, was the brother of the Lakki peace committee head.”

Peace committees in the region are informal, community-based groups that work with security forces to report militant activity and maintain order, making their members frequent targets of attacks.

Pakistan’s Interior Minister Mohsin Naqvi condemned the attacks and expressed grief over the incidents.

“I strongly condemn the blast near a police patrolling vehicle in Wana Bazaar,” Naqvi said in a statement, confirming the killing of four people, including two police personnel.

“Khyber Pakhtunkhwa police are on the front line in the war against terrorism,” he said, noting the force had made “unforgettable sacrifices” in the fight against militant groups.

Militant violence has surged in Pakistan’s border regions in recent months, particularly in Khyber Pakhtunkhwa and Balochistan provinces.
Islamabad has repeatedly accused the Afghan Taliban government of allowing militant groups, including the Tehreek-e-Taliban Pakistan (TTP), to operate from Afghan territory — a charge Kabul denies — as cross-border tensions between the two neighbors have escalated.