Stocks Rise: Easing Tensions Fuel Bullish Turn
- KARACHI, Pakistan — The Pakistan Stock Exchange (PSX) experienced a surge Thursday, driven by expectations of government relief for the agriculture sector adn a decrease in geopolitical tensions.
- The benchmark KSE 100 index gained 638.50 points, or 0.54%, closing at 118,971.41, according to Topline Securities ltd.
- Minister for National Food Security and Research Rana Tanveer Hussain said his ministry is working to eliminate the 18% general sales tax on local cotton in the upcoming...
The pakistan Stock Exchange (PSX) closed strongly, with the KSE 100 index climbing 638.50 points, spurred by budget expectations favoring the agriculture sector and signs of easing geopolitical tensions. This bullish turn reflects growing investor confidence and strategic investment strategies. the anticipated relief measures, like potential tax cuts on local cotton, are fueling market optimism and contributing to economic growth. Several heavyweight stocks and cyclical sectors displayed impressive gains,signifying broad investor interest. News Directory 3 provides valuable insights into these market movements. With trading volume up, watch closely as analysts predict continued positive momentum. Discover what’s next for the stock market.
Pakistan Stock Market Sees Gains on Budget Hopes, Easing Tensions
Updated May 30, 2025
KARACHI, Pakistan — The Pakistan Stock Exchange (PSX) experienced a surge Thursday, driven by expectations of government relief for the agriculture sector adn a decrease in geopolitical tensions. The KSE 100 index, a key indicator of market performance, rose substantially.
The benchmark KSE 100 index gained 638.50 points, or 0.54%, closing at 118,971.41, according to Topline Securities ltd. The day’s high saw an increase of 1,306 points,reflecting widespread bullish sentiment in the market. This stock market upswing is attributed to positive sentiment surrounding the upcoming budget and improved international relations, boosting investor confidence and investment strategies.
Minister for National Food Security and Research Rana Tanveer Hussain said his ministry is working to eliminate the 18% general sales tax on local cotton in the upcoming budget. This potential tax cut is seen as a positive step for the agriculture sector, further fueling market optimism and economic growth.
Several heavyweight stocks contributed significantly to the index’s gains. Lucky Cement, United Bank, Fauji Fertiliser, Engro Holdings, and Mari Energies collectively added 413 points to the KSE 100 index.
Cyclical stocks also performed well, with International Industries Ltd, Amreli Steels Ltd, international Steel Ltd, Maple Leaf Cement Factory Ltd, Lucky Cement, and DG Khan Cement all closing higher than their previous values, indicating strong investor interest in these sectors.
Ahsan Mehanti of Arif Habib Corporation noted that the PSX’s positive close was influenced by pre-budget speculation, hopes for agriculture sector relief, and reduced concerns about tensions between Pakistan and India.
Ali Najib, Deputy Head of Trading at AHL, said investors were actively strengthening their positions through strategic stock selection. He also noted that reports of a $3.7 billion rollover of a Chinese commercial loan had a positive impact on market sentiment.
Trading volume increased by 7.41% to 741.65 million shares, with a traded value increase of 0.34% to Rs23.91 billion, indicating robust trading activity.
What’s next
Market analysts anticipate continued positive momentum if the government’s budget aligns with expectations for agriculture sector support and if geopolitical stability persists. Investors will be closely monitoring policy announcements and economic indicators in the coming weeks.