PSX hits all-time high, inches towards 120,000
The Pakistan Stock Exchange (PSX) rebounded on Wednesday, with the benchmark KSE-100 Index rising by 960 points, or 0.81 per cent, to close at 119,931 — its highest-ever closing level and just shy of the 120,000 psychological milestone. The market opened on a strong note, with the index gaining as much as 1,135 points intraday, buoyed by broad-based buying across key sectors. Large-cap stocks led the charge, particularly National Bank of Pakistan (NBP), Bank Al Habib, United Bank Limited, Oil and Gas Development Company, and Pakistan Petroleum Limited, which collectively added nearly 480 points to the index, according to Topline Research. Investor sentiment remained upbeat ahead of the federal budget for the fiscal year 2025-26, as participants repositioned their portfolios in anticipation of favourable policy measures.