ISLAMABAD: The Pakistan Stock Exchange (PSX) on Tuesday continued its bullish run and crossed the 185,000-point mark for the first time ever, analysts said, with investors opting for equities rather than fixed-income assets amid prevailing positive sentiment.
The benchmark KSE-100 index at the Pakistan Stock Exchange (PSX) gained 2,653.87 points, or 1.45 percent, to close at 185,062.10 points, up from the previous close of 182,408.23 points.
Ahsan Mehanti of Arif Habib Commodities attributed the bullish run to major earnings announcements due this week as well as upbeat data for cement, fertilizer and oil sales in Dec.
“Surging global equities and government deliberations over privatization of SOEs (state-owned enterprises) played a catalyst role in record close at PSX,” he said.
During Tuesday’s session, United Bank Limited (UBL) emerged as the largest listed company on the PSX, with its market capitalization crossing Rs1.29 trillion ($4.6 billion) and overtaking the Oil and Gas Development Company Limited (OGDCL), according to Arif Habib Limited brokerage firm.
Pakistan’s stock market has marked a strong start to 2026 as broad-based institutional buying has lifted major sectors and bolstered investor confidence at the beginning of the year. The market has gained more than 10,000 points since the start of the new year.
On Monday, Najeeb Ahmed Khan Warsi, chief business officer at Al-Habib Capital Market Private Limited, said the surge was driven by “liquidity influx, positive listed company results and supportive government policies.”
