KSE-100 Hits 165,493
The KSE-100 Index concluded the session on a robust note, settling at 165,493 after recording a notable gain of 1,645 points or 0.66%. A strong bullish momentum dominated the trading day, with the benchmark index hitting an intraday high of 166,556.
Market strength was largely underpinned by stellar performances from UBL, HBL, MEBL, BAHL, and ENGROH, which collectively added 1,257 points to the index. However, this upward trajectory was partially curtailed by profit-taking in FFC, OGDC, and PSO, collectively eroding 280 points from the overall gains.
Investor participation remained exceptionally strong, with total traded volumes reaching 1,343 million shares and a cumulative turnover of Rs. 76.6 billion. WTL led the volume chart, with a remarkable 113 million shares traded during the session.
Pakistan Stock Exchange’s KSE-100 Index on Tuesday hit another all-time high and hiked more than 900 points in early trade. Investors have sustained aggressive buying across key sectors.
The record-setting momentum at the Pakistan Stock Exchange (PSX) has pushed the KSE-100 Index to 164,751.60 points at 9:35am.
It marked a surge of 903.92 points or 0.55% during opening trade. The rally followed Monday’s bullish session as the index gained 1,590.68 points, or 0.98%,. It was closed at 163,847.69 and set the stage to gain further.PSX Roars Higher, Closes at 163,847
Strong buying interest was recorded in heavyweight sectors which included automobile assemblers, commercial banks, fertiliser, oil and gas exploration, oil marketing companies, power generation, and refineries.
Key stocks such which traded in positive zone and bolstered the index included Attock Refinery Limited (ARL), Hub Power Company (HUBCO), Oil and Gas Development Company (OGDC), Pakistan Oilfields Limited (POL), Pakistan Petroleum Limited (PPL), Sui Northern Gas Pipelines (SNGP), Sui Southern Gas Company (SSGC), MCB Bank, Meezan Bank (MEBL), and United Bank Limited (UBL).
The latest surge has come following discussion between Pakistan and the International Monetary Fund (IMF) in Islamabad on Monday for the second review of the $7 billion Extended Fund Facility (EFF).
Two sides have focused talks on Pakistan’s fiscal performance, including revenue collection and spending discipline. They are also reviewing progress on governance and structural reforms. Authorities have also told the IMF on the National Fiscal Pact, capital market reforms, and transparency in development spending.
International markets have also shown signs of resilience on Tuesday. Japan was up 0.5% in early trade to position for a 5.6% monthly gain.
However, Japan’s Nikkei slipped 0.3% for the third consecutive day. Gold prices continued their record-setting hike. Investors weighed risks from political uncertainty in the United States.
