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News | invest.pk

PSX rallies 1,537 points on record remittances

April 16, 2025

Record remittances in March prompted a significant rally at the Pakistan Stock Exchange (PSX) on Monday. This bullish performance came after a sharp decline on Friday, which was caused by retaliatory tariffs imposed by China on US goods, resulting in renewed volatility in global markets. Topline Securities Ltd said the bulls stood firm as the benchmark KSE 100 index posted a robust intraday gain of 1,640 points, ultimately settling at 116,390.04—up by 1,536.71 points or 1.34 per cent day-on-day. The upbeat momentum was driven mainly by better-than-expected inward remittance figures, which significantly bolstered investor sentiment. Further support came from a broadly positive trend across regional markets, encouraging local investors to re-enter and build fresh positions across key sectors. Much of the positive momentum was driven by notable gains in heavyweight stocks. United Bank Ltd, Lucky Cement, Hub Power, Engro Holdings, and Engro Fertiliser collectively contributed 1,178 points to the index.