Optimism drives PSX record-setting spree

The Pakis­tan Stock Exchange (PSX) extended its record-setting rally for a third consecutive session on Tuesday, with investors continuing to cherry-pick stocks, pushing the benchmark KSE-100 index past the 143,000-point mark. According to Topline Securities Ltd, the bullish momentum continued from the previous two sessions, with the KSE-100 index reaching an intraday high of 1,229 points before closing at 143,037, a gain of 985 points or 0.69 per cent. Investor confidence remained strong, driven by robust local and foreign inflows and broad-based rallies across various sectors. A key factor behind the market’s upbeat performance was the release of Pakistan’s fiscal data for FY25. The government reported a 9-year low fiscal deficit of 5.38pc, with revenue growth of 36pc year-on-year (YoY), outpacing an 18pc rise in expenditures.