Karachi May 13 2025: The KSE-100 Index surged by an impressive 11,401.25 points over the past two days, following a significant breakthrough as Islamabad and New Delhi agreed to a ceasefire, brokered by the United States, and release of USD 1 billion along with new climate related facility of USD 1.4 billion.
But what’s fueling this historic rally on the Pakistan Stock Exchange (PSX)? Who’s been driving the market upward?
The primary driver behind this surge is none other than Mutual Funds, which injected a substantial USD 39.4 million into the market over the last two sessions. Beyond mutual funds, brokers showed notable buying interest, contributing a relatively modest USD 1.5 million. Foreign investors added another USD 1.7 million to the mix during the same period.
In contrast, all other investor categories turned net sellers. Banks offloaded USD 17 million worth of shares, while individual investors sold USD 12.4 million. Corporates followed suit, selling USD 7.7 million, and other institutions shed stocks worth USD 3.5 million.
