Business

Share prices rally to record high at PSX

The investors cherished the “double delight” of surge in remittances and inflow of $1.2 billion from the International Monetary Fund (IMF) by going in for heavy buying lifting the share prices to an all-time high at Pakistan Stock Exchange on Wednesday.

During intraday trading, the PSX’s benchmark KSE-100 index gained 1,065.26 points to hit record 170,521.64 points milestone, reflecting a change of 0.62 percent.

Out of 560 companies traded so far, the share prices of 309 companies increased, while 120 companies saw a decline, and 131 were unchanged.

The IMF approval includes nearly $1 billion through the Extended Fund Facility (EFF) and an additional $200 million under the Resilience and Sustainability Facility (RSF).

Meanwhile, workers’ remittances to Pakistan continued their positive growth trajectory, recording an inflow of $3.2 billion during November 2025.

Cumulatively, during the first five months of the fiscal year (July-November FY26), total remittances amounted to $16.1 billion, marking an increase of 9.3 percent compared to the $14.8 billion received during the same period last year.

The majority of the remittances in November 2025 came from key sources, including Saudi Arabia, which contributed $753.0 million, followed by the United Arab Emirates $675.0 million), the United Kingdom $481.1 million), and the United States of America $277.1 million).

Earlier on Tuesday, the PSX had surged by more than 1,000 points, pushing the KSE-100 Index to an intraday high of 169,601 points. By the close of trading, the benchmark index settled at 169,456 points, registering a net gain of 1,153 points.

Buying activity was mainly observed in key sectors, including cement, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies (OMCs), power generation firms, and refineries.

Major stocks such as Hub Power Company (Hubco), Mari Petroleum, Oil and Gas Development Company (OGDC), Pakistan Oilfields (POL), Pakistan Petroleum Limited (PPL), MCB Bank, Meezan Bank, National Bank of Pakistan (NBP), and United Bank Limited (UBL) traded in the positive zone.

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