The Pakistan Stock Exchange (PSX) continued its bullish momentum on Monday, with the benchmark KSE-100 Index closing up by 356.64 points, or 0.38%, at 93,648.32. This marks another positive trading session as the index reached an intraday high of 94,020.02 points (+728.34) and an intraday low of 93,318.91 points (+27.23).
Market Volumes and Broad Sentiment
Trading volume on the KSE-100 reached a notable 468.86 million shares, reflecting strong investor interest in the market’s continued upward trend. Out of the 100 companies on the index, 51 closed higher, 46 closed lower, and 3 remained unchanged, highlighting balanced investor sentiment across sectors.
The broader All-Share Index also showed robust growth, closing at 59,828.07, a gain of 426.98 points or 0.72%. The total market volume rose to 815.19 million shares, up from 763.26 million in the previous session, with a total traded value of Rs37.32 billion, an increase of Rs7.12 billion from the last session. Overall, 453 companies were traded, with 226 advancing, 184 declining, and 43 remaining unchanged.
Top Movers of the Day
Leading the gainers was Pakistan International Bulk Terminal Limited (PIBTL), up 13.77%, followed by Bank of New York Mellon (BNWM) at 10.01%, and SEARL, GlaxoSmithKline (GLAXO), and AGP, each gaining 10.00%. In contrast, the top decliners included Attock Refinery Limited (ATRL), down 4.04%, and Fauji Bank Limited (FABL), down 2.96%.
Sectoral Contributions
Pharmaceuticals emerged as a key contributor, adding 253.54 points to the index, led by strong performances in SEARL and GLAXO. The Oil & Gas Exploration sector also supported the index, contributing 187.57 points, with significant backing from OGDC and PPL. Other sectors providing positive contributions included Technology & Communication (+47.87 points), Leather & Tanneries (+42.89 points), and Food & Personal Care Products (+42.26 points).
On the flip side, the Fertilizer sector weighed on the index, detracting 120.57 points, followed by Cement (-93.27 points) and Commercial Banks (-74.75 points), with each sector experiencing profit-taking and slight corrections. Power Generation & Distribution and Refinery sectors also posted modest declines of 64.34 and 10.08 points, respectively.
Key Index Movers
Notable contributors driving the index upward included OGDC, which added 130.90 points, and PPL with an 89.00-point increase. Meanwhile, ABOT, SEARL, and GLAXO were also substantial positive contributors. Conversely, HUBC pulled the index down by 89.35 points, and FFC, HBL, ENGRO, and ATRL each contributed to a downward drag on the index.
Top Traded Stocks
In terms of trading volumes, CNERGY led the market with 98.6 million shares traded, closing up 9.71% at PKR 4.52. Other high-volume stocks included PAEL, up 8.00%, and KEL, which rose 2.89%. Despite remaining flat, WTL traded 31.9 million shares, followed by BOP, which saw a slight decline of 0.89%.
Year-to-Date Performance
The KSE-100 index has gained an impressive 15,203 points or 19.38% since the start of the fiscal year and has surged by 31,197 points, or 49.95%, so far this calendar year, reflecting strong investor confidence and resilient economic fundamentals.
Outlook
The KSE-100’s positive close indicates robust momentum, especially in key sectors such as Pharmaceuticals and Oil & Gas, which may attract further investor interest if current trends hold. However, sectoral corrections in areas like Fertilizers and Cement suggest a cautious approach in some industries. Investors will likely continue watching for macroeconomic indicators and earnings results to assess sustainability in the coming weeks.
PAKISTAN MARKETS
In Monday’s interbank session, the Pakistani rupee (PKR) experienced a modest decline against the US dollar, slipping by 12.36 paisa or 0.04%, with the exchange rate settling at PKR 277.86 per USD. This marks a slight decrease from the previous close of PKR 277.74. Throughout the session, the PKR showed fluctuations, reaching an intraday high (bid) of 277.90 and a low (ask) of 277.80.
Gold prices saw a notable decline on Monday, with the price of 24-karat gold per tola in Pakistan dropping by Rs.1,300, settling at Rs.277,500. This marks a drop from the previous day’s Rs.278,800, according to the All Sindh Sarafa Jewellers Association. Similarly, the price of 10 grams of 24-karat gold decreased by Rs.1,115 to Rs.237,911, while 22-karat gold slid to Rs.218,085 from Rs.219,107.
The drop in domestic gold prices aligns with the international market trend, where gold fell by $13 to $2,670 per ounce from $2,683. This decline reflects the impact of the strong US dollar (USD) and anticipation surrounding the US Federal Reserve’s future policies.
