Bullish momentum continued at the Pakistan Stock Exchange (PSX) on Tuesday as the market crossed the 128,000 barrier on the first day of the new fiscal year 2025-26.

The KSE-100 index rose by 2,404.51 points, or 1.9 per cent, to stand at 128,031.82 points at 12:15pm, from the previous close of 125,627.31 points.

It then closed at 128,199.42 points, recording a gain of 2,572.11 points, or 2.05pc, from yesterday.

Yousuf M. Farooq, director of research at Chase Securities, attributed the rise to easing geopolitical tensions and the market “pricing in a gradual decline in interest rates alongside improving economic stability”.

“Investors are also anticipating a strong corporate results season and are rerating the........

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