On July 3, 2025, the Pakistan Stock Exchange (PSX) continued its bullish run, with the KSE-100 index closing at a record 130,686.66, up 342.63 points or 0.26%. Fueled by robust foreign exchange reserves and investor optimism, the rally marks a historic milestone.
The KSE-100 index surged to an intra-day high of 131,325, gaining 981 points, before profit-taking pulled it to a low of 129,776. It settled at 130,686.66, up 0.26%. According to Arif Habib Limited (AHL), Trading volume reached 899.8 million shares, valued at Rs 43.3 billion, with 216 of 468 companies closing higher. Oil & Gas Development Company, UBL, Hub Power, Pakistan Petroleum, and Askari Bank added 487 points. At the same time, Bank AL Habib and MCB Bank dragged 493 points.
The State Bank of Pakistan’s (SBP) announcement of $14.51 billion in reserves, a $5.12 billion increase by June 30, 2025, exceeded the IMF’s $13.9 billion target, boosting sentiment. A $3.4 billion Chinese loan rollover, $3.1 billion in commercial loans, and $500 million in multilateral funding drove the increase, per SBP data. Fiscal reforms, including power tariff cuts and privatisation plans, further supported optimism, as did Pakistan’s improved current account balance.
Read: Pakistan’s Forex Reserves Surge to $14.51 Billion, Exceed IMF Target
The session saw a tug-of-war between bulls and bears, with buyers prevailing. The oil, gas, banking, and power sectors led the gains, although profit-taking tempered the rally. Analysts predict that reserves could reach $17 billion by June 2026. The PSX’s three-day streak, with gains of 1,248, 2,300, and 343 points, underscores its momentum, despite mixed trading.
