PSX maintains record-setting rally

The Pakistan Stock Exchange (PSX) rallied to another record high on Tuesday and appeared well-positioned for a vibrant performance in 2026, underpinned by improving investor sentiment and ample liquidity. The market began the day's proceedings on a strong footing, swiftly scaling to the intra-day peak of 174,805 in early trading. However, profit-taking triggered a mid-morning correction, which pulled the index down to the intra-day low of 174,121. Subsequently, investor confidence strengthened with the market moving in a narrow band and making a gradual recovery through the afternoon. The rally was primarily supported by stocks of energy and banking sectors, with impressive contribution, while fertiliser and cement shares faced a mild pressure amid profit-taking. The benchmark KSE-100 index closed at a fresh all-time high of 174,472.80, up 576.45 points, or 0.33%.