Pakistan, July 1 -- Pakistan's stock market kicked off the new fiscal year 2025-26 with a major rally, as the KSE-100 index surged past the psychological barrier of 128,000 points. The market soared over 2,500 points on Tuesday, reflecting strong investor confidence and optimism about the country's economic direction.

According to the Pakistan Stock Exchange (PSX), the benchmark index reached a record high of 128,149 points by 11:55 AM, gaining 2,522 points in early trade. This followed Monday's gain of 1,248 points, where the index closed at 125,627 points. Just last week, the index had settled at 124,379 points, showing a consistent upward trend.

Analysts believe several factors contributed to the bullish momentum. Yusuf M. Farooq, Di...