The local bourse kicked off the session on a jubilant note, celebrating the State Bank of Pakistan’s decision to trim the policy rate by 50bps to 10.5%. The rate cut fueled early optimism, propelling the benchmark index to an intraday high of 1,185 points amid broad-based buying.
However, the early optimism proved short-lived as investors opted to lock in gains during the latter half of the session. Profit booking erased most of the early advances, dragging the index to an intraday low of 549 points before it finally settled at 170,447—down 294 points or 0.17%reflecting a cautious close despite supportive monetary signals.
Key index heavyweights—UBL, BOP, NBP, KAPCO, and KTML—led the rally, collectively contributing around 471 points to the index. On the flip side, FFC, SYS, PPL, DHPL, and OGDC weighed on performance, jointly shaving off 538 points.
Market activity remained vibrant, with total traded volumes clocking in at 1,734 million shares, while overall market turnover rose to Rs 53.4 billion. PIBTL emerged as the most actively traded stock of the session, with volumes of 101 million shares.
Earlier, the Pakistan Stock Exchange extended its bullish momentum on Tuesday as the KSE-100 Index surging nearly 1098 points in early trading due to higher buying interest.
The benchmark index surged 771.67 points, or 0.45%, to 171,513.01 by 9:35am. It reflected strong investor confidence at the start of the session.Stock Market Continues Momentum
The buyers showed interest in major sectors like automobile assemblers, cement, fertiliser, oil and gas exploration companies, oil marketing companies, power generation and refineries.
Heavyweight stocks also played a central role in lifting the index. The stocks which pushed the stock market included HUB Power Company, Attock Refinery, Mari Petroleum, Oil and Gas Development Company, Pakistan Oilfields, Pakistan Petroleum, Pakistan State Oil, Sui Northern Gas Pipelines and Sui Southern Gas Company all trading in positive territory.
