PSX Continues Bullish Run as Investors Await Federal Budget
The Pakistan Stock Exchange (PSX) maintained its bullish momentum on Friday, with the benchmark KSE-100 index surging past another milestone in early trading as investors anticipated the upcoming federal budget.
The rally occurred despite a broader slide across Asian markets. The KSE-100 index gained 927.41 points during the initial session to reach an intraday high of 172,102.91. By 10:00 am, the gains had moderated, with the index up by 603.21 points. Buying activity was prominent across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, and power generation. Index-heavy stocks such as HUBCO, MARI, OGDC, POL, PPL, PSO, HBL, and NBP were all trading in the green.
Market sentiment is being driven by the federal budget for the fiscal year 2026–27, which is set to be presented in the National Assembly on June 10, 2026. The presentation was postponed from June 5 to allow for further consultations within the ruling coalition.
The upward trend continued from the previous day, when the KSE-100 index closed at 171,175.51 after gaining 984.86 points. Thursday’s session saw a trading volume of 697.166 million shares valued at Rs 26.135 billion, with market capitalization increasing to Rs 18.983 trillion.
The PSX’s performance stood in contrast to international trends, as Asian share markets fell on Friday due to profit-taking in technology stocks and geopolitical tensions in the Middle East. MSCI’s broadest index of Asia-Pacific shares outside Japan was down 1.6%, while US and European futures also pointed to a weaker opening.
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Updated: 2:32 PM PKT — June 5, 2026
The stock market’s bullish trend on Friday followed a strong session on Thursday, when the KSE-100 index closed with a gain of 984 points, or 0.58%, to settle at 171,175. Thursday’s surge was attributed to cautious optimism among investors regarding potential diplomatic progress between the United States and Iran, which encouraged buying in major stocks.
The positive momentum continued into Friday’s trading, as the index opened with a further increase of over 523 points, trading at 171,698.
Updated: 2:01 PM PKT — June 5, 2026
Pakistan’s trade deficit saw a significant reduction of 39% in May, according to the latest data released by the Bureau of Statistics. The positive economic indicator was driven by a 10% increase in exports and a substantial 22% decrease in imports during the month. Finance Advisor Khurram Shehzad highlighted the figures, stating that the narrowing trade gap, along with continuous growth in IT exports, remittances, and Roshan Digital Account inflows, indicates the country is on a path of economic progress and stability.
