PSX climbs 3,748 points on inflation relief, broad-based buying Home KSE-100 index reaches 184,050.10; banking, energy, cement and auto stocks lead rally as rate-cut expectations grow The Pakistan Stock Exchange (PSX) staged a strong rally on Wednesday with the benchmark KSE-100 Index climbing more than 2% as aggressive buying across heavyweight sectors reflected growing investor confidence in the country's improving economic outlook. The KSE-100 index closed at 184,050.10, up 3,748.40 points, or 2.08%, from the previous session. The benchmark touched an intraday high of 184,233.58 after slipping to a low of 184,233.58, before sustained buying propelled the market sharply higher. The rally gathered momentum throughout the session, driven by strong demand in commercial banks, oil and gas exploration companies, oil marketing companies, cement manufacturers, automobile assemblers, and power generation stocks, with index-heavy shares leading the advance. Market sentiment remained buoyant on expectations of continued macroeconomic stability, easing inflation, and the possibility of further monetary easing in the coming months. The optimism was reinforced after official data showed consumer price inflation (CPI) eased to 11.1% year-on-year in June from 11.7% in May, while average inflation stood at 7.06% in FY26 compared to 4.5% in FY25, reflecting the impact of higher energy and transportation costs during the fiscal year. Optimism over stronger corporate earnings, improving external sector indicators, and ongoing engagement with…
Published: July 1, 2026 1:03 pm
Source: The Express Tribune — Read original