KARACHI: The Pakistan Stock Exchange (PSX) extended its bullish run as it opened the new business week with strong gains, reaching a historic milestone on Monday.
During intraday trading, the benchmark KSE-100 Index surged over 1,100 points, crossing the 142,000-point mark for the first time in history.
This record-breaking rally reflects growing investor confidence in the government’s economic policies and recent market-friendly developments.
In the previous session, the index had already posted a robust gain of 1,644 points, closing at 141,034, setting the stage for Monday’s rally.
Market analysts cite improved macroeconomic indicators, policy stability, and increased foreign interest as key drivers behind the sustained momentum.
Pakistan and Iran have signed eight agreements and MoUs for cooperation in diverse fields and decided to take the trade volume to 10 billion dollars.
The agreements included cooperation in security, judicial assistance in civil matters and veterinary and animal health.
The two countries signed an MOU for establishment of a special economic zone whilst another was signed for film exchanges and cooperation between the Ministry of Information and Broadcasting, and the Organization of Cinema and Audio Visual Affairs of Iran.
The Ministry of Overseas Pakistanis and the Ministry of Cooperatives, Labours and Social welfare of Iran as well as the Pakistan Standards and Quality Control Authority and the National Standards Organization of Iran also signed MOUs.
An MOU was also signed on legal cooperation. The ceremony was witnessed by the Iranian president and Prime Minister Shehbaz Sharif.
Investors are also in high spirits following the trade deal between Pakistan and the United States.
On July 31, Pakistan and the United States finalised a landmark trade agreement aimed at expanding bilateral trade, enhancing market access, encouraging foreign investment, and deepening economic cooperation across key sectors including energy, minerals, IT, and cryptocurrency.
The agreement was concluded during a high-level meeting in Washington, DC, where Federal Finance Minister Senator Muhammad Aurangzeb met with US Secretary of Commerce Howard Lutnick and US Trade Representative Ambassador Jamieson Greer. Also present were Pakistan’s Secretary of Commerce Jawad Paul and Ambassador Rizwan Saeed Sheikh.
According to a press release from Pakistan’s Ministry of Finance, the deal includes reciprocal tariff reductions—particularly benefiting Pakistani exports—and lays the foundation for joint exploration of natural resources, especially oil reserves.
US President Donald Trump confirmed the agreement via a post on Truth Social, stating that both countries will collaborate in selecting an oil company to lead the exploration. He added, “Maybe Pakistan will one day sell oil to India.”
