{"id":34244,"date":"2026-01-02T15:04:39","date_gmt":"2026-01-02T15:04:39","guid":{"rendered":"https:\/\/ipp-news.com\/?p=34244"},"modified":"2026-01-02T15:04:39","modified_gmt":"2026-01-02T15:04:39","slug":"psx-smashes-through-179000-as-bulls-stay-firmly-in-control","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=34244","title":{"rendered":"PSX smashes through 179,000 as bulls stay firmly in control"},"content":{"rendered":"<div>The Pakistan Stock Exchange (PSX) unleashed unrelenting bullish momentum on the second day of the year, with the benchmark KSE-100 Index surging 2,679 points (+1.52%) to close over a historic mark of 179,000 points \u2013 blasting through the 177,000, 178,000, and 179,000 psychological barriers in a single electrifying session.<\/p>\n<p>PSX continued to witness strong bullish momentum as the KSE-100 Index closed at 179,035 points, gaining 2,679 points (+1.52%).<\/p>\n<p>PSX isn\u2019t just keeping up \u2014 it\u2019s outperforming most regional markets.<\/p>\n<p>For the third consecutive year, KSE-100 delivered double digit returns, making Pakistan&#8217;s stock market as one of the best performing markets globally. pic.twitter.com\/9Kk2E1v4HF<br \/>\n\u2014 PSX (@pakstockexgltd) January 2, 2026<\/p>\n<p>The rally was once again driven by domestic institutional buying, with broad-based participation across blue-chip stocks, reinforcing the prevailing positive trend, said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.<\/p>\n<p>On the macro front, SPI for the week increased 2.41% YoY, while declining 0.67% WoW. Meanwhile, PBS data showed Pakistan recorded a trade deficit of USD 3.7bn in Dec\u201925. Exports declined to USD 2.3bn (-20.4% YoY, -4.3% MoM), whereas imports rose to USD 6.0bn (+2.0% YoY, +13.5% MoM).<\/p>\n<p>On the corporate side, the government is likely to impose a levy of up to 5% on imports of mobile phones and electronic devices under the proposed 2026\u201333 policy, which is positive for local assemblers, particularly AIRLINK, which closed up 1.21%.<\/p>\n<p>Read:\u00a0Electricity consumers given Rs8.35 per unit relief in 2025, Power Division claims<\/p>\n<p>Key contributors to the day\u2019s rally were UBL, EFERT, ENGROH, PPL, and OGDC, collectively adding 1,535 points to the index.<\/p>\n<p>Total market volume and value stood at 1.1bn shares and approximately PKR 62bn, respectively.<\/p>\n<p>PSX wrapped up the week on a strong note, posting a gain of 6,634 points, or 3.85%. The KSE-100 Index opened at 173,200, touched a weekly high of 179,468, and recorded a low of 173,200 during the week. The benchmark eventually settled at 179,035.<\/p>\n<p>PSX sailed past 177k, 178k, and 179k in a single session as the strong bullish trend remained firmly intact, supported by improving macroeconomic indicators and expectations of stronger corporate earnings in the coming weeks.<\/p>\n<p>175k still stands as the immediate support level, should any corrective move emerge around current levels.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange (PSX) unleashed unrelenting bullish momentum on the second day of the year, with the benchmark KSE-100 Index surging 2,679 points (+1.52%) to close over a historic mark of 179,000 points \u2013 blasting through the 177,000, 178,000, and 179,000 psychological barriers in a single electrifying session. PSX continued to witness strong bullish [&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-34244","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\/34244","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=34244"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/34244\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=34244"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=34244"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=34244"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}