The Pakistan Stock Exchange (PSX) witnessed bullish momentum on the new year day with the benchmark KSE-100 Index gaining over 2,300 points on Thursday.
At close, the index settled at 176,355.49, up 2301.17 points, or 1.32 percent.
The rally was driven by buying interest across key sectors, including commercial banks, oil and gas exploration firms, and oil marketing companies (OMCs).
The upbeat start followed a weaker close on Wednesday, when the market retreated due to profit-taking on the final trading day of the year.
The KSE-100 Index shed 418.45 points to close at 174,054.32.
Meanwhile, the Finance Division projected inflation to remain moderate in December, estimating it between 5.5 and 6.5 percent, largely due to a favorable base effect.
In its Monthly Economic Update and Outlook for December 2025, released on Wednesday, the Division also reported a sharp 25.3 percent decline in foreign direct investment (FDI) during the first five months (July–November) of fiscal year 2026 compared to the same period last year.
Moreover, the Federal Board of Revenue (FBR) has failed to achieve its set tax collection targets for the first half of the current fiscal year 2025-26 (July to December) as well as for the month of December 2025 with a shortfall of approximately Rs21 billion.
According to the data, FBR’s total provisional net tax collection in December 2025 stood at Rs1,425 billion, while the target was Rs1,446 billion.
Similarly, in the first half of the current fiscal year (July to December), FBR’s total provisional net tax collection amounted to Rs6,169 billion, which is Rs321 billion short of the target of Rs6,490 billion.
