{"id":16393,"date":"2025-08-11T12:05:46","date_gmt":"2025-08-11T12:05:46","guid":{"rendered":"https:\/\/ipp-news.com\/?p=16393"},"modified":"2025-08-11T12:05:46","modified_gmt":"2025-08-11T12:05:46","slug":"psx-extends-bullish-momentum-as-week-opens","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=16393","title":{"rendered":"PSX extends bullish momentum as week opens"},"content":{"rendered":"<div>The Pakistan Stock Exchange (PSX) opened the week on a positive note on Monday, with the benchmark KSE-100 index rising 1,274.79 points, or 0.88%, current index at 146,657.58 during intra-day trading.<\/p>\n<p>The index touched an intra-day high of 146,762.78 and a low of 145,258.49, compared with the previous close of 145,382.79.<\/p>\n<p>Market volume was recorded at 244,438,330 shares, with a total value of Rs 25.23 billion. The market remains open.<\/p>\n<p>Earlier, PSX wrapped up the week on a bullish note, with the benchmark KSE-100 index breaching the 145,000 mark amid strong institutional buying, handsome corporate earnings and improved macroeconomic sentiment.<\/p>\n<p>Gains were further bolstered by record remittances for July, a sharp jump in textile exports and optimism about government reforms, including a major reduction in circular debt and an ambitious privatisation road map.<\/p>\n<p>On a day-on-day basis, the PSX started the week by breaching the 142,000 level, another all-time high, with a rise of 1,018 points as Oil and Gas Development Company (OGDC) received its first term finance certificate (TFC) payment of Rs7.7 billion, signalling strong financial health.<\/p>\n<p>On Tuesday, the market extended gains as the KSE-100 index ended at 143,037, up 985 points. Investor confidence was supported by robust inflows and a nine-year low fiscal deficit of 5.38% for FY25.<\/p>\n<p>The record-breaking rally continued the next day as well, where the index broke another key psychological level of 145,000, reflecting a surge of 2,051 points.<\/p>\n<p>However, the bourse took a breather on Thursday, closing at 145,647, up a modest 559 points, as Pakistan recorded a trade deficit of $2.8 billion in July.<\/p>\n<p>The PSX ended the week by consolidating around 145k on Friday, with the index standing at 145,383, down 264 points.<\/p>\n<p>Investors displayed caution, reacting to recent macroeconomic developments by shifting focus across sectors and booking profits selectively.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange (PSX) opened the week on a positive note on Monday, with the benchmark KSE-100 index rising 1,274.79 points, or 0.88%, current index at 146,657.58 during intra-day trading. The index touched an intra-day high of 146,762.78 and a low of 145,258.49, compared with the previous close of 145,382.79. Market volume was recorded [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-16393","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/16393","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=16393"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/16393\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=16393"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=16393"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=16393"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}