KARACHI, May 29, 2025: The Pakistan Stock Exchange (PSX) continued the positive momentum on Thursday, after the Youm-e-Takbeer holiday on Wednesday, in line with the global hike in equities. On Tuesday as well, the stock market had closed in green, with 112 points gains.
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Today, the American markets showed bullish trend after a U.S. court blocked Donald Trump’s proposed tariffs. In Pakistan too, the news was taken as a booster for local and international investors which resulted in the benchmark KSE-100 Index jumping to 118,971.40 points by closing.
During the trading day, the PSX managed to remain above the 119,000 mark for better part of the day, but towards the closing time, it settled at 118,971.40 points, showing 0.54% growth. The highest of the session was 119,639.47 points, but it proved difficult to maintain that position as profit-taking soon kicked in.
While the positive trend in the PSX is a positive signal with regards to investor confidence, experts are still labeling the sentiment as cautious, especially with regards to the uncertainty fueled by the upcoming budget. Regular investors are opting to maintain their stakes, instead of substantially increasing them or divesting.
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Market reports show that on Thursday broad-based buying was witnessed, primarily in automobile, banking, energy and cement sectors. With regards to the cement sector, in particular, there are expectations that the annual data of FY2025 will show decline in demand and production of cement industry, but going forward in FY26 the trend will reverse. The government is also pondering relief for the construction sector in the upcoming budget, but with IMF’s real estate concerns, the realization of such plans is proving to be difficult.
