PSX soars 44pc in FY26: Index likely to cross 200,000-level by Dec

Pakistan’s equity market delivered another stellar year in FY2025-26, with the benchmark KSE-100 Index gaining 44 percent in rupee terms and 46 percent in US dollar terms, as improving macroeconomic stability under the IMF programme continued to bolster investor confidence despite heightened geopolitical volatility during the second half of the fiscal year. According to a year-end market outlook the KSE-100 Index closed FY26 at 180,302 points, extending a three-year rally that has generated cumulative returns of 335 percent in rupee terms and 347 percent in US dollar terms since FY24. Market performance during FY26 was divided into two distinct phases. During the first half of the fiscal year, the benchmark index advanced 39 percent, driven by improving economic indicators despite flood-related disruptions in July and August 2025.