PSX reclaims 172,000 milestone as positive momentum continues

KARACHI – Pakistan Stock Exchange (PSX) maintained its bullish momentum on Friday to reclaim another milestone as investors are weighing upcoming budget for fiscal year 2026-27. The KSE-100 index gained 927.41 points in early trading session to reach 172,102.91 points compared to previous close of 171,175.50 points. As the trading underway, the stock market saw a decline in its gains as it stood at 603.21 points as of 10:00 am PST. A day earlier, the benchmark KSE-100 remained bullish, gaining 984.86 points, a positive change of 0.58 percent, closing at 171,175.51 points against 170,190.64 points on the last trading day, according to PSX data. During the session, the ready market recorded a trading volume of 697.166 million shares with a traded value of Rs 26.135 billion, compared to 551.946 million shares valuing Rs 23.759 billion in the previous session. The market capitalization increased to Rs 18.983 trillion from Rs 18.864 trillion a day earlier. Out of 492 active companies in the ready market, 316 advanced, 128 declined, and 48 remained unchanged. The federal budget for fiscal year 2026–27 is set to be presented in the National Assembly on June 10, 2026, after being postponed from June 5 to allow further consultations within the ruling coalition.