The KSE-100 Index closed at 136,379.96, gaining 440.09 points or 0.32% on Wednesday. The index hit an intraday high of 137,232.10 (up 1,292.23 points or 0.95%) and touched a low of 135,542.88 (down 396.99 points or 0.29%).
Stocks hovered near record highs as strong earnings and the government’s engagement with Moody’s for a potential rating upgrade buoyed sentiment before late selling pressure.
“PSX traded at all-time highs amid earnings season rally and hopes of a Moody’s upgrade, backed by robust economic indicators,” said Ahsan Mehanti, CEO of Arif Habib Commodities. He added that reassurances from the finance ministry regarding industrial reforms and macroeconomic recovery also supported the rally.
Finance Minister Muhammad Aurangzeb met Moody in the virtual interaction, citing declining inflation, monetary loosening, stable exchange rates, a current account optimization, and foreign exchange reserves amounting to more than 14 billion dollars.
The banking sector has performed well, and deposits increased by 14.1 YoY to Rs35.5 trillion by June 2025 due to remittance inflows and a reduced level of inflation. The increase was 8.7 percent to Rs.13.52 trillion and investments increased by 21.2 percent to Rs.36.57 trillion.
“Deposit growth reflects increased remittances and a shift to formal savings,” noted Saad Hanif, Head of Research at Ismail Iqbal Securities.
A day earlier, the index fell 562.67 points (0.41%) to 135,939.87. Tuesday’s high was 137,747.61 and the low, 135,826.40.
