The Pakistan Stock Exchange (PSX) maintained its upward trajectory on Friday, with the benchmark KSE-100 index climbing 593.89 points (0.45%) to close at an all-time high of 131,280.54 points. This follows Thursday’s gain of 342.63 points, reflecting sustained investor optimism driven by improving foreign exchange reserves and positive budget expectations for FY2025-26.
A total of 899.8 million shares, valued at Rs43.25 billion, were traded during the session. Of the 468 companies that transacted, 216 advanced, while 236 declined, and 16 remained unchanged. The bullish trend underscores growing market confidence, supported by macroeconomic stability and anticipated fiscal policies.
The State Bank of Pakistan (SBP) announced that total liquid foreign reserves reached $18.09 billion, with central bank-held reserves at $12.73 billion as of June 27, 2025. On a weekly basis, SBP’s reserves rose by $3.66 billion, attributed to inflows from multilateral and commercial loans. For FY2024-25, SBP’s reserves surged by $5.12 billion, closing at $14.51 billion compared to $9.39 billion in the previous fiscal year.
The net foreign reserves held by commercial banks stood at $5.36 billion, reinforcing financial sector stability. Analysts attribute the reserves’ growth to improved current account management and timely external inflows. With PSX at record highs and forex buffers expanding, Pakistan’s economic prospects appear increasingly favorable as the new fiscal year begins.