PSX recovers 7.5pc in May despite a brief war with India

The Pakistan Stock Exchange (PSX) attracted renewed buying interest across all sectors following the easing of geopolitical tensions and clarity on the federal budget announcement, which helped the benchmark KSE 100 index close the outgoing week on a positive note. The expected relief package for the agricultural sector and measures to boost exports and industrial growth in the upcoming budget restored investor confidence, which led to value hunting, taking the index to its all-time high level near the 120,000 mark by the close of the last week of the outgoing month. After extending the date by a week, the government has announced that there will be no further delay and the federal budget for 2025-26 will be announced on June 10.