{"id":287,"date":"2026-07-01T15:32:41","date_gmt":"2026-07-01T15:32:41","guid":{"rendered":"https:\/\/valutednews.com\/?p=287"},"modified":"2026-07-01T15:32:41","modified_gmt":"2026-07-01T15:32:41","slug":"psx-kicks-off-fy27-with-positive-momentum-gaining-3700-points-business","status":"publish","type":"post","link":"https:\/\/valutednews.com\/?p=287","title":{"rendered":"PSX kicks off FY27 with positive momentum, gaining 3,700 points &#8211; Business"},"content":{"rendered":"<div style=\"text-align:center\"><img decoding=\"async\" src=\"https:\/\/i.dawn.com\/large\/2026\/07\/01155122cb04130.webp\" class=\"attachment-post-thumbnail size-post-thumbnail wp-post-image\" alt=\"PSX kicks off FY27 with positive momentum, gaining 3,700 points &#8211; Business\" title=\"PSX kicks off FY27 with positive momentum, gaining 3,700 points &#8211; Business\" \/><\/div><p><img decoding=\"async\" src=\"https:\/\/i.dawn.com\/large\/2026\/07\/011520366c918f8.webp\" \/><\/p>\n<div dir=\"auto\">\n<p>The Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 index sustained its positive momentum and gained over 3,700 points on Wednesday, the first day of the new fiscal year.<\/p>\n<p>The <a rel=\"nofollow noopener noreferrer\" target=\"_blank\" class=\"link--external\" href=\"https:\/\/dps.psx.com.pk\/\">KSE-100<\/a> index gained 3,748.40 points (2.08 per cent) to close at 184,050.10.<\/p>\n<p>The benchmark index traded in green the entire session, gradually witnessing gains from an intraday low of 180,565.83 at 9:35am.<\/p>\n<p>The market had staged a <a href=\"https:\/\/www.dawn.com\/news\/2012096\/psx-rebounds-to-end-fy26-above-180000\">recovery rally<\/a> on Tuesday, propelling KSE-100 above the 180,000 mark and helping the market close FY25-26 with a stellar performance.<\/p>\n<p>Awais Ashraf, director of research at AKD Securities, and Topline Securities Ltd linked today\u2019s investor confidence to the inflation figures for June.<\/p>\n<p>Pakistan\u2019s consumer price index (CPI) <a href=\"https:\/\/www.dawn.com\/news\/2012196\/consumer-inflation-rate-eases-slightly-to-111pc-in-june-due-to-lower-energy-food-prices-pbs\">rose 11.1pc<\/a> year-on-year in June, easing from <a href=\"https:\/\/www.dawn.com\/news\/2004572\">11.7pc in May<\/a> and coming within the government\u2019s forecast range of 11pc-12pc, the Pakistan Bureau of Statistics said on Wednesday.<\/p>\n<p>On a month-on-month basis, CPI fell 0.3pc in June, compared with a 0.5pc increase in May and a 0.2pc rise in June last year.<\/p>\n<figure class=\"media  w-full sm:w-1\/2  media--right  media--embed  media--uneven\" data-original-src=\"https:\/\/www.dawn.com\/news\/2004207\">\n<p>    <iframe class=\"nk-iframe\" width=\"100%\" frameborder=\"0\" scrolling=\"no\" style=\"height:250px;position:relative\" src=\"https:\/\/www.dawn.com\/news\/card\/2004207\" sandbox=\"allow-same-origin allow-scripts allow-popups allow-modals allow-forms\"><\/iframe><\/p>\n<\/figure>\n<p>Ashraf noted that the inflation figures were \u201cbelow market expectations\u201d and \u201creinforced the view that inflationary pressures\u201d were continuing to subside.<\/p>\n<p>\u201cExpectations of monetary easing have strengthened investor sentiment, as inflation is projected to remain within the State Bank of Pakistan\u2019s target range in FY27 due to a decline in oil prices following the temporary settlement between the US and Iran,\u201d he added.<\/p>\n<p>Topline Securities Ltd also noted that the upbeat investor sentiment was supported by \u201cencouraging macroeconomic developments\u201d, highlighting that the easing CPI reinforced \u201cexpectations of a more accommodative <a href=\"https:\/\/www.dawn.com\/news\/2008043\">monetary policy<\/a> stance in the months ahead\u201d.<\/p>\n<figure class=\"media  w-full sm:w-1\/2  media--right  media--embed  media--uneven\" data-original-src=\"https:\/\/www.dawn.com\/news\/2002128\">\n<p>    <iframe class=\"nk-iframe\" width=\"100%\" frameborder=\"0\" scrolling=\"no\" style=\"height:250px;position:relative\" src=\"https:\/\/www.dawn.com\/news\/card\/2002128\" sandbox=\"allow-same-origin allow-scripts allow-popups allow-modals allow-forms\"><\/iframe><\/p>\n<\/figure>\n<p>\u201cFurther boosting market confidence was the <a href=\"https:\/\/www.dawn.com\/news\/2012210\/oil-falls-as-progress-in-us-iran-talks-cools-supply-concerns\">decline<\/a> in international crude oil prices, with WTI hovering around $68 per barrel, alleviating concerns over Pakistan\u2019s import bill and easing inflationary pressures,\u201d Topline observed.<\/p>\n<p>It added that the rally was \u201cunderpinned by aggressive institutional accumulation and broad-based buying, enabling the benchmark index to extend its record-setting momentum\u201d.<\/p>\n<p>Market participation improved compared to the previous session, with total traded volume rising to 941 million shares, while traded value stood at Rs57 billion, it said. K-Electric Limited led the volumes chart, with 82m shares changing hands.<\/p>\n<figure class=\"media  w-full  w-full  media--  media--embed  media--uneven media--tweet\" data-original-src=\"https:\/\/x.com\/toplinesec\/status\/2072286853240365225\">\n<\/figure>\n<p><a href=\"https:\/\/www.dawn.com\/news\/2011760\">On Monday<\/a> \u2014 following the exchange of military strikes between the United States and Iran over the weekend \u2014 the PSX had come under renewed selling pressure, closing 1,156.47 points down.<\/p>\n<p>The outgoing FY25-26 proved to be a landmark year for the PSX, with the KSE-100 index delivering a remarkable 44pc return in rupee terms and 46pc in dollar terms, rising from 125,627 points at the end of FY25 to 180,302.<\/p>\n<p>Analysts believe the KSE-100 index may advance towards its all-time high of 189,000, supported by lower oil prices and rising expectations of policy rate cuts, while inflation data, monetary policy signals and geopolitical developments remain key catalysts.<\/p>\n<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange\u2019s (PSX) benchmark KSE-100 index sustained its positive momentum and gained over 3,700 points on Wednesday, the first day of the new fiscal year. The KSE-100 index gained 3,748.40 points (2.08 per cent) to close at 184,050.10. The benchmark index traded in green the entire session, gradually witnessing gains from an intraday&#8230;<\/p>\n","protected":false},"author":1,"featured_media":288,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/i.dawn.com\/large\/2026\/07\/01155122cb04130.webp","fifu_image_alt":"","footnotes":""},"categories":[21],"tags":[565,560,563,559,562,564,561,558],"class_list":["post-287","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-international-news","tag-business","tag-fy27","tag-gaining","tag-kicks","tag-momentum","tag-points","tag-positive","tag-psx"],"_links":{"self":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts\/287","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=287"}],"version-history":[{"count":0,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/posts\/287\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=\/wp\/v2\/media\/288"}],"wp:attachment":[{"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=287"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=287"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/valutednews.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=287"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}