PSX KSE-100 surges 40% in FY26 amid IMF-backed stability; top firms gain billions

PSX KSE-100 surges 40% in FY26 amid IMF-backed stability; top firms gain billions

The Pakistan Stock Exchange's KSE-100 Index recorded a robust 40% increase in FY26, closing the fiscal year strongly. This rally was fueled by enhanced investor confidence stemming from macroeconomic stability under an IMF-backed program. Blue-chip companies, particularly financial institutions, energy firms, and industrial groups, saw their market capitalizations rise by billions, with OGDC leading at $5.18 billion (up 52%) and UBL at $4.03 billion (up 62%). This broad market strength, underpinned by economic stability, could signal a more predictable environment for the Pakistani Rupee, potentially influencing local gold and silver prices.

بحوالہ / Source: www.brecorder.com