Energy stocks surge on circular debt deal hopes
The speculation of signing a circular debt deal on Tuesday pushed the stock prices of energy companies upwards.
Oil and Gas Development Company Limited (OGDCL), Pakistan Petroleum Limited (PPL), and Pakistan State Oil Limited (PSO) have performed well and led to rising prices of shares on the stock market.
The Energy sector garnered investors’ interest, as speculation swirled around the upcoming Circular Debt signing ceremony on 17th September 2025. On the back of this chatter, OGDC, PPL, and PSO surged sharply, drawing aggressive buying interest.
The government is said to have matured a loan agreement worth Rs1.275 trillion with a consortium of 18 commercial banks to reduce circular debt.
Out of the total loan deal, the government will utilize Rs683 billion to restructure the existing liabilities of Power Holding Company Limited (PHL). The remaining amount of Rs617 billion will be a fresh loan to settle arrears with power producers.Did pso get stakes in Guddu
The bulls stood firm in the trading session, with the benchmark index recording an intraday high of 1,083 points before finally settling at 156,467 levels, posting a robust gain of 796 points (+0.51%).
The rally was underpinned by positive sentiment stemming from the State Bank’s latest remarks on the flood situation, noting that while the crisis is evolving, the intensity remains significantly lower than previous episodes, with the economy demonstrating stronger resilience.
Adding fuel to the bullish momentum, the MTS rate normalized to 14.95%, providing much-needed comfort to leveraged players and enhancing market liquidity.
Meanwhile, the Energy sector garnered investors’ interest, as speculation swirled around the upcoming Circular Debt signing ceremony on 17th September 2025. On the back of this chatter, OGDC, PPL, and PSO surged sharply, drawing aggressive buying interest
On the movers’ board, MEBL, TRG, HUBC, and OGDC collectively added 403 points to the index’s tally. However, profit-taking in FFC, MCB, AKBL, and BAFL trimmed 172 points, capping the overall advance.
Investor engagement remained buoyant, with traded volumes clocking in at 1,345 million shares and a turnover of Rs. 43 billion, underscoring the market’s vibrant undertone
