Bulls Rampage at PSX: KSE-100 Conquers 185,000 Milestone Amid “Diplomatic Thaw”.
Market Milestone: KSE-100 index surges past 185,000 to close at a record 185,058 points.
The Pakistan Stock Exchange (PSX) has surged past the psychological barrier of 185,000, with the KSE-100 Index climbing 883 points to close at a historic 185,058 on Monday, February 2, 2026. This bullish momentum was largely fueled by a reported “diplomatic thaw” between the U.S. and Iran, which eased regional geopolitical jitters and encouraged investors to re-enter the market.
Key Market Drivers:
- Leading Stocks: Heavyweights like UBL, OGDC, and Engro were pivotal in driving the rally, signaling a robust recovery as the market eyes a potential target of 191,000.
- Trading Activity: Investor confidence remained firm with high trading volumes, as total share turnover exceeded 737 million shares in the recent sessions.
- GIDC Resolution: In a major boost for the energy and fertilizer sectors, the Cabinet Committee for Disposal of Legislative Cases (CCLC) has approved amendments to the GIDC Act to unlock over Rs 400 billion in stuck funds.
Macroeconomic Landscape:
- FBR Collections: Tax collections for January 2026 reached PKR 1,015 billion, reflecting a 16% year-on-year growth. However, the FBR still fell slightly short of its specific monthly targets.
- Fuel Price Update: For February 2026, petrol prices remained stable at PKR 253.17, while High-Speed Diesel (HSD) saw an increase of Rs 11.30, bringing it to PKR 268.38.
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