Karachi, December 15, 2025: The Pakistan Stock Exchange (PSX) closed at a new all-time high on Monday, with bullish sentiment driving the benchmark KSE-100 Index beyond the 170,500-point mark amid optimism over monetary easing and improving macroeconomic expectations.
The KSE-100 ended the session at 170,741 points, gaining 876 points. The index remained in positive territory throughout the day, touching an intraday high of 171,001 points and a low of 170,292 points, reflecting sustained investor confidence and a favourable market outlook.
Heavyweight stocks, including Pakistan Petroleum Limited (PPL), Systems Limited (SYS), Maple Leaf Cement Factory (MLCF), National Bank of Pakistan (NBP) and United Bank Limited (UBL), led the rally, together contributing around 651 points to the benchmark’s advance.
Market activity remained robust, with total traded volumes reaching 904 million shares, while overall market turnover stood at Rs47 billion. PIBTL emerged as the most actively traded stock of the session, with a volume of 123 million shares.
Commenting on the rally, Samiullah Tariq, Head of Research at Pak-Kuwait Investment Company, said that improved macroeconomic expectations, monetary easing and optimism over upcoming corporate earnings were key drivers of the market’s upward momentum.
Meanwhile, Sana Tawfik, Head of Research at Arif Habib Limited, attributed the surge to strong buying interest in energy and banking stocks. She said the market is likely to sustain its positive momentum following the State Bank of Pakistan’s unexpected 50 basis point cut in the policy rate earlier in the day.
“The surprise rate cut has helped extend the rally and could potentially unlock new highs in the coming sessions,” she added.
Earlier on Monday, the SBP reduced the key policy rate by 50 basis points to 10.5 per cent, despite ongoing food-led inflation pressures and external account considerations.
Investor sentiment has also remained upbeat since the International Monetary Fund’s Executive Board approved a $1.2 billion loan for Pakistan after completing the second review of the country’s economic reform programme under the Extended Fund Facility (EFF) and the first review under the Resilience and Sustainability Facility (RSF), providing further support to the market.
