KSE-100 hits record high after landmark defence deal boosts investor confidence
KARACHI: The KSE-100 Index surged to an all-time high on Thursday, crossing the 158,000 mark amid excitement over Pakistan and Saudi Arabia’s landmark defence agreement.
The Pakistan Stock Exchange’s (PSX) benchmark index settled at 157,953.46 points, up 1,775.65 points or 1.14% from the previous session. During the day, the index touched an intraday peak of 158,082.55 points, reflecting a strong upward trend in investor sentiment.
Analysts credited the rally to the newly signed Strategic Mutual Defence Agreement between Pakistan and Saudi Arabia. “The news has sparked powerful optimism across the board,” said independent analyst AAH Soomro. “This is a macro game changer that could drive liquidity and reduce the risk premium.”
The agreement, signed during Prime Minister Shehbaz Sharif’s state visit to Riyadh, pledges mutual defence and strengthens bilateral security ties. Market observers believe this historic pact could pave the way for deeper economic cooperation and enhance Pakistan’s strategic position.geo
Alongside the stock market rally, the government raised Rs195 billion in T-bills, surpassing its Rs175 billion target. The State Bank of Pakistan maintained its policy rate at 11%, keeping monetary policy steady while monitoring inflation pressures.
