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PM Sharif applauds economic team after PSX hits all-time high

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Prime Minister Shehbaz Sharif on Tuesday expressed satisfaction over the record-breaking performance of the Pakistan Stock Exchange (PSX), terming it a promising start to the new fiscal year and a reflection of growing confidence in the government’s economic policies.

The PSX made history on the first trading day of the 2025–26 fiscal year, with the benchmark KSE-100 Index surging by 2,515 points, reaching an all-time high of 128,142 points.

This single-day gain saw the index surpass key thresholds of 126,000, 127,000, and 128,000 in rapid succession — a feat never before witnessed in the market’s history.

In a statement, the prime minister said the bullish run and the KSE-100 reaching a record level demonstrate renewed investor trust in the government’s fiscal and structural reforms.

“The confidence of the business community and investors is strengthening with each passing day,” he said.

Calling the stock market’s performance “good news and a sign of economic progress,” Mr Sharif added that last fiscal year’s steady recovery was the result of the government’s effective policy framework.

“The new financial year will prove to be a milestone in the journey towards economic stability,” he said.

He further acknowledged the support of the business community and investors, describing their contribution as central to the country’s development and prosperity. The premier also lauded the government’s economic team for its role in stabilizing the market and promoting a business-friendly environment.

The Ministry of Finance earlier projected inflation to ease to 4 percent for June, which has also contributed to positive investor sentiment.

Market analysts note that economic and political stability — coupled with a disciplined fiscal outlook — has been pivotal in restoring trust among market players.

Active participation was recorded across major sectors including banking, oil and gas, power generation, and automobile manufacturing. Heavily traded stocks such as HUBCO, POL, PRL, MCB, and MARI remained in the green, reflecting widespread investor interest.

  • Internews Pakistan is an Islamabad-based news agency established in 1997.

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