PSX to break 200,000 barrier by December 2026

Pakistan's stock market is expected to extend its record-breaking rally into next year, with analysts at Taurus Securities projecting that the KSE-100 index may surpass 200,000 points by December 2026, supported by strong corporate earnings, improved investor confidence, and continued policy anchoring under the IMF programme. The bullish forecast builds on the index's performance in 2025, as the market absorbs domestic political instability, falling global commodity prices, and active reforms in the energy and fiscal sectors. "We expect the KSE-100 index to reach 206,000 points by the end of Dec'26, translating into a 24% return from the current levels," noted Taurus Securities in a report. According to the brokerage house, the KSE-100's valuation remains compelling even after a nearly 45% gain during 11MCY25, driven by robust profitability in banks, energy, cement, and technology stocks.