Pakistan’s Mom-and-Pop Investors Drive 40% Rally in Stocks

Retail investors are helping extend Pakistan’s stock market surge, marking a rare moment of confidence in local shares after years of volatility and political uncertainty.

The nation’s benchmark KSE-100 Index has climbed roughly 40% in 2025, making it one of Asia’s best-performing markets as government stability and rosy returns fuel enthusiasm among a typically risk-averse population. Individual traders are turning to equities in lieu of other investment options, with property prices stagnating and deposit rates halving in the past two years.