PSX gains over 3,700 points on first day of FY27
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The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 index gained over 3,700 points on Wednesday, the first day of the new fiscal year.
The KSE-100 index gained 3,748.40 points (2.08 per cent) to close at 184,050.10.
The market sustained its positive momentum from Tuesday, when it staged a recovery rally, propelling KSE-100 above the 180,000 mark and helping the market close FY25-26 with a stellar performance.
On Monday — following the exchange of military strikes between the United States and Iran over the weekend — the PSX came under renewed selling pressure, closing 1,156.47 points down.
The outgoing FY25-26 proved to be a landmark year for the PSX, with the KSE-100 index delivering a remarkable 44pc return in rupee terms and 46pc in dollar terms, rising from 125,627 points at the end of FY25 to 180,302.
Analysts believe the KSE-100 index may advance towards its all-time high of 189,000, supported by lower oil prices and rising expectations of policy rate cuts, while inflation data, monetary policy signals and geopolitical developments remain key catalysts.
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