KARACHI – The Pakistan Stock Exchange (PSX) on Friday continued its bullish momentum amid stablising foreign exchange reserves and optimism about budget for new fiscal year.During intraday trading, the KSE-100 index has gained 593.89 points to reach all-time high of 131,280.54 points, with a positive change of 0.45 percent.
A day earlier, the benchmark index also recorded bullish trend, gaining 342.63 points, a positive change of 0.26 percent, and closing at 130,686.66 points.A total of 899,849,566 shares worth Rs 43.252 billion were traded during the day.
As many as 468 companies transacted their shares in the stock market, 216 of them recorded gains and 236 sustained losses, whereas the share price of 16 companies remained unchanged.
State Bank of Pakistan has reported that the total liquid foreign reserves of Pakistan surged to $18,091.1 million while the reserves held by the central bank increased to $ 12,727.8 million as of June 27, 2025.Moreover, SBP’s foreign exchange reserves closed at $14.51 billion by the end of the fiscal year 2024-25, the central bank earlier announced, highlighting a noticeable improvement in the country’s current account balance and realization of planned inflows during the FY 2024-25.
According to the provisional data for FY25, “SBP’s FX reserves has recorded an increase of US$ 5.12 billion to reach US$ 14.51 billion as on 30 June 2025 compared to US$ 9.39 billion as on 30 June 2024,” the central bank has announced on the first working day of the new fiscal year.On the weekly basis, SBP reserves increased by $3,663 million to $12,727.8 million due to receipt of GOP multilateral and commercial loans during the week ended on 27 June 2025, the central bank reported in its statement on liquid foreign reserves position, adding that the net foreign reserves held by the commercial banks recorded as $5,363.3 million.
Total liquid foreign reserves held by the country, in the previous week ended on June 20, 2025, were $14,397.4 million.