KSE-100 Index touches intraday high of 134,920.76, climbing 1,138.42 points, or 0.85%
\n Karachi
\nThe stock market maintained its positive momentum on Friday, buoyed by strengthening macroeconomic indicators and investor optimism ahead of corporate earnings season.
\nThe Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 Index climbed to an intraday high of 134,920.76, a new all-time high, gaining 1,138.42 points, or 0.85%, while touching a low of 134,130.40, reflecting an increase of 348.06 points, or 0.26%
\n\u201cImproved macroeconomic indicators and better expectations relating to corporate results\u201d are driving the momentum, said Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company.
\nThe rally follows fresh data from the State Bank of Pakistan (SBP), which showed the country\u2019s foreign exchange reserves increased by $1.938 billion to $20.029 billion for the week ending July 4.
\nThe central bank\u2019s reserves rose by $1.774 billion to $14.502 billion, while commercial banks\u2019 reserves increased by $163 million to $5.527 billion. The SBP cited official inflows as the key contributor.
\nThe increase was largely driven by inflows from multilateral and commercial sources, remittances, and the SBP\u2019s ongoing dollar purchases from the interbank market. By the end of June, SBP reserves had reached $14.51 billion, surpassing the IMF\u2019s target of $13.9 billion and exceeding the central bank\u2019s own projections.
\nAnalysts pointed to China\u2019s rollover of $3.4 billion in deposits and loans, a $1 billion mobilisation from Middle Eastern commercial banks through the ADB\u2019s $500 million policy-based guarantee, and another $500 million from multilateral lenders as major contributors. No additional inflows were reported after June 30.
\nRemittances also provided a strong backdrop as they hit a record $38.3 billion in FY2025, a 27% increase from the previous fiscal year. In June alone, $3.4 billion was received \u2014 a 7.9% increase from June 2024, though 8.0% lower than May 2025.
\nOn Thursday, the KSE-100 Index gained 1,205.36 points, or 0.91%, to 132,782.35 points from 132,576.99 points recorded in the previous session. The highest index of the day remained at 133,902.34 points, while the lowest level was recorded at 132,706.03 points.<\/p>\n","protected":false},"excerpt":{"rendered":"
KSE-100 Index touches intraday high of 134,920.76, climbing 1,138.42 points, or 0.85% Karachi The stock market maintained its positive momentum on Friday, buoyed by strengthening macroeconomic indicators and investor optimism ahead of corporate earnings season. The Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 Index climbed to an intraday high of 134,920.76, a new all-time high, gaining […]<\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[5],"tags":[],"class_list":{"0":"post-489759","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-business"},"yoast_head":"\n