The Pakistan Stock Exchange (PSX) concluded fiscal year 2025-26 (FY26) with its highest-ever trading volume and a 44 percent annual gain in the benchmark KSE-100 Index, marking one of the strongest years in the history of Pakistan’s capital market.
According to Arif Habib Limited (AHL), the KSE-100 Index closed FY26 at 180,302 points, compared to 125,627 points at the end of FY25. The benchmark index posted a 44 percent gain in rupee terms and 46 percent in US dollar terms over the fiscal year.
The brokerage attributed the market’s strong performance to improved liquidity, increased investor participation, and value unlocking across several key sectors, despite intermittent volatility driven by regional geopolitical developments.
Record Trading Activity
The PSX also recorded its highest average daily traded volume in history, with 913 million shares changing hands each trading day during FY26.
Meanwhile, the average daily traded value climbed to $152 million, the highest level recorded since FY08, reflecting a significant improvement in market liquidity and investor confidence.
Strong Recovery in Market Participation
Market data showed that trading volumes remained relatively subdued for much of the past two decades before accelerating sharply in FY25 and reaching a record high in FY26.
Similarly, average traded value, which peaked in FY17 before moderating in subsequent years, rebounded strongly over the last two fiscal years. The FY26 average of $152 million represents the strongest trading value in nearly two decades.
With record trading volumes, the highest traded value since FY08, and a 44 percent annual rise in the KSE-100 Index, FY26 stands out as one of the best-performing years for Pakistan’s equity market.
