Pakistan stock market closes at record high near 150,000 points on institutional buying

Stockbrokers interact during a trading session at Pakistan Stock Exchange (PSX) in Karachi on May 12, 2025. (AFP/File)
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Updated 19 August 2025
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Pakistan stock market closes at record high near 150,000 points on institutional buying

  • KSE-100 surges to all-time high of 149,771 points, driven by banking and cement stocks
  • Finance adviser hails milestone, says reforms and stability fueling investor confidence

ISLAMABAD: Pakistan’s stock market closed at a record high on Tuesday, with the benchmark KSE-100 Index ending the session at 149,771 points as strong institutional inflows powered gains in banking and cement shares, according to brokerage Topline Securities.

The index rose as much as 2,127 points to touch an intraday high of 150,323 before paring gains to close up 1,572 points, or 1.06 percent. Index heavyweights Bank AL Habib Ltd. (BAHL), United Bank Ltd. (UBL), Lucky Cement Ltd. (LUCK), Meezan Bank Ltd. (MEBL), and Engro Corporation Ltd. (ENGRO) collectively contributed 1,306 points to the rally.

“The bullish momentum from previous sessions continued, driven by strong institutional inflows— particularly in the banking and cement sectors,” Topline said in its market review.

The brokerage added that “cement sales are gaining momentum in August 2025, and earnings could exceed expectations.”

Market participation remained robust, with 806 million shares traded and a total traded value of PKR 48.3 billion. WorldCall Telecom Limited led the volume chart with 52 million shares changing hands during the session.

Earlier in the day, Khurram Schehzad, adviser to the finance minister, hailed the index’s milestone, attributing the surge to improved investor confidence and macroeconomic stability.

“Pakistan Stock Exchange Makes New History – Reaches 150,000 Points Mark,” Schehzad said in a post on X.

“First 50,000 took 26 years (1991–2017). Second 50,000 took 8 years (2017–2024). Third 50,000 took just 10 months (Nov 2024–Aug 2025).”

He noted that the number of companies with billion-dollar valuations had risen to 16, the highest since 2018, while more than 73,000 new investors had joined the market in the last year, bringing the total to over one million.

The rally comes amid signs of stabilization in Pakistan’s economy after the country secured a $7 billion International Monetary Fund (IMF) bailout in September 2024 and saw recent upgrades by international ratings agencies.

Inflation has eased from a peak of 38 percent in 2023 to 4.1 percent in July 2025, while the rupee has stabilized against the dollar.


Zimbabwe surprise as T20 World Cup Super Eights begin without Australia

Updated 20 February 2026
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Zimbabwe surprise as T20 World Cup Super Eights begin without Australia

  • Pakistan and New Zealand will clash in Colombo on Saturday as the second “Super Eights” phase of the T20 World Cup kicks off
  • India carry hopes of millions of cricket-obsessed fans of winning back-to-back T20 World Cups and lifting the trophy on home soil

Kolkata: Pakistan and New Zealand will clash in Colombo on Saturday as the second “Super Eights” phase of the T20 World Cup kicks off without former champions Australia, who shockingly failed to make it out of their group.

Instead, surprise packages Zimbabwe, who did not even qualify in 2024, topped Group B after a stunning unbeaten campaign where they not only beat Australia but also co-hosts Sri Lanka.

An injury-depleted Australia endured a chaotic campaign and failed to make the second phase of the T20 World Cup for the first time since 2009.

Australia’s acerbic media did not hold back in their criticism, citing selection “stuff-ups” and “shambolic” preparations, including a 3-0 pre-tournament series loss in Pakistan, for the embarrassment.

Australia coach Andrew McDonald admitted his players were “devastated” but any inquest into the failure would only begin “when we exit the shores here.”

India, the world number one-ranked T20 side, are hot favorites to retain their crown on home soil.

However, in the second round they face a tough rematch of the 2024 final against an in-form South Africa in Ahmedabad at a packed 130,000-capacity Narendra Modi stadium on Sunday.

Both teams came through the first round phase with four wins from four.

India are on a 12-match unbeaten run at the T20 World Cup, stretching back to their defeat in the semifinal against eventual winners England in 2022.

No team has won back-to-back T20 World Cups or lifted the trophy on home soil, and India have the hopes of hundreds of million of cricket-obsessed fans on their shoulders.

But India have not been consistent and have a problem at the top of the order with their number one-ranked batter Abhishek Sharma recording three consecutive ducks.

Their batting has looked shaky and India were 77-6 against the United States before coming through to win.

Also in Super Eights Group 1 are Zimbabwe and the West Indies, who meet in Mumbai on Monday, with all that group’s games being hosted in India.

ENGLAND YET TO FIRE

The West Indies toppled England convincingly in the group phase and the two-time champions have all-round strength in depth.

They won the T20 World Cup the last time it was hosted in India, in 2016, and have started in clinical fashion, winning all four group games.

They will be extremely wary of Zimbabwe, whose colorful band of traveling supporters have had plenty to cheer so far. Even a washout against Ireland could not dampen their spirits.

In Sri Lanka, Group 2 pits the co-hosts against England, Pakistan and New Zealand.

The top two from each group will advance to the semifinals.

Pakistan were the last team to secure their berth. They did so by beating Namibia by 102 runs, with captain Salman Agha calling it a “complete performance” as they bounced back from a group defeat to bitter rivals India.

Another pre-tournament fancy, England stumbled through their group matches in Mumbai and Kolkata, losing to the only Test-playing side they faced, the West Indies.

Harry Brook’s side were unconvincing in wins against minnows Nepal, Scotland and finally Italy, who were making their World Cup debut.

But they return to a happy hunting ground in Kandy to face Sri Lanka on Sunday at a venue where England swept a T20 series 3-0 this month, with Sam Curran taking a hat-trick along the way.

Their top order needs to find form, with explosive openers Jos Buttler and Phil Salt yet to make a telling score and Brook failing to fire.

Sri Lanka have also been hot and cold.

Pathum Nissanka scored a superb century on Monday to all but end Australia’s tournament.

But they lost to Zimbabwe in their final group game, although Nissanka was in the runs again with 62.