KSE 100 Index Closes with Positive Signs
The KSE-100 Index wrapped up the session on a strong footing, closing at 167,346 points after registering gain of 1,103 points. The market sustained its upward momentum following the ceasefire announcement, with the index oscillating between an intraday high of 168,414 and a low of 166,923.
The bullish trend was largely fuelled by exceptional performances in BAHL, FFC, MCB, OGDC, and PPL, which collectively added 830 points to the benchmark index. However, the overall advance was modestly curtailed by profit-taking in ENGROH, KEL, and UBL, subtracting a combined 161 points.
Investor confidence remained elevated, as reflected in the heightened trading activity. Total volume surged to 1,816 million shares, while market turnover climbed to a substantial Rs. 56.7 billion.
Earlier, stock market on Tuesday opened with a gain of 971 points which was up 0.58 percent in early trading hours.
On Monday, the week opened on a strong note as the bulls dominated the trading floor, propelling the benchmark KSE-100 Index to an impressive intraday gain of 2,615 points before closing at 166,242, up 2,436 points or 1.49%.
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Market euphoria was fueled by a major diplomatic breakthrough — Pakistan and Afghanistan reached an immediate ceasefire agreement following high-level negotiations in Doha, Qatar. The accord, emphasizing mutual respect for sovereignty and territorial integrity, was welcomed by investors as a sign of improving regional stability and potential economic cooperation.
Banking heavyweights led the charge, with HBL, UBL, BOP, NBP, and AKBL collectively contributing 989 points to the index’s rally. Broader market sentiment remained buoyant throughout the session, as investors poured into equities across multiple sectors.
Trading activity reflected this optimism, with volumes soaring to 1,476 million shares and market turnover reaching Rs. 51.8 billion. K-Electric (KEL) emerged as the volume leader, witnessing 229 million shares traded.
Overall, the ceasefire-driven optimism set a constructive tone for the week, reinforcing confidence in the market’s upward momentum.
