Market rebounds on easing border tensions, current account surplus and rising tech exports
A stockbroker reacts while watching the market on the electronic board showing stock prices during the session at the Pakistan Stock Exchange in Karachi July 3, 2023. Photo: Reuters/File
The Pakistan Stock Exchange (PSX) rebounded strongly on Monday, with the benchmark KSE-100 climbing 2,436.69 points, or 1.49%, to close at 166,242.90.
The session started on a cautious note, with the index touching an intraday low of 164,281.95 (-0.29%). Buying interest soon appeared, pushing the index to a high of 166,421.33, before settling slightly below that level.
Investment sentiment was boosted by a combination of geopolitical and economic developments. A ceasefire and peace talks in Doha, Qatar eased tensions between Pakistan and Afghanistan, while the State Bank of Pakistan (SBP) reported a current account surplus of $110 million for September 2025, compared with a deficit of $325 million in August and a deficit of $52 million in September 2024. Technology exports also rose to a high of $36 million in September 25%. resilience in the service sector.
Reading: PSX retreats amid cautious investor sentiment
KTrade Securities reported that the rally was led by gains in the banking sector, with major banks such as Habib Bank (+4.78%), United Bank (+2.23%), Bank of Punjab (+9.99%), National Bank of Pakistan, Askari Bank, Bank Alfalah and Meezan Bank drive the market higher. The Oil and Gas Development Company also contributed to the upward momentum. The KSE All-Share index recorded a total traded volume of 1.47 billion shares, reflecting strong investor participation.
Arif Habib Limited (AHL) described Monday’s session as constructive, forecasting further gains towards the 168,000–170,000 range. Out of 485 traded companies, 289 advanced, 156 declined and 40 were unchanged, with K-Electric topping the volume chart with 229.8 million shares, closing by Rs 0.39 at Rs 6.99.
Read more: PSX gains modestly amid profit-taking
In corporate news, Attock Petroleum has signed an MoU with Huawei Technologies Pakistan and AE Power to set up EV charging stations and promote electric mobility in the country.
Market analysts said the recent staff-level agreement with the International Monetary Fund (IMF), easing regional tensions and improving macroeconomic indicators provided a positive outlook for investor confidence.
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