The Pakistan Stock Exchange (PSX) roared for the second consecutive session as the benchmark KSE-100 Index closed at 86,466.57 points, marking a solid gain of 409.06 points or 0.48%. The bullish sentiment was driven by positive investor momentum, pushing the index to an intraday high of 86,846.03 points, a gain of 788.52 points, and a low of 86,294.69 points, which was still a rise of 237.18 points from the previous close.
Market Volume and Performance
The total trading volume of the KSE-100 Index surged to 415.55 million shares, reflecting strong market participation. Out of the 100 companies in the index, 63 ended the day in positive territory, 34 saw declines, and 3 remained unchanged.
Top Gainers and Losers
Among the top-performing stocks, K-Electric Limited (KEL) led the pack with a substantial gain of 13.41%, followed by Attock Refinery Limited (ATRL), which jumped 8.28%, and Systems Limited (SYS), which rose 7.44%. Other notable gainers included Cherat Cement Company Limited (CHCC) (+6.03%) and Mehran Sugar Mills Limited (MEHT) (+5.19%).
On the flip side, Pakistan Tobacco Company (PAKT) emerged as the biggest loser, dropping 6.18%, while Pakistan Goldleaf Company (PGLC) declined 5.41%, and Pakistan International Bulk Terminal Limited (PIBTL) fell 4.40%. Engro Polymer & Chemicals (EPCL) also experienced a 2.95% drop, followed by YouWe Pakistan Limited (YOUW), which slipped 2.42%.
Major Index Movers
In terms of index contributions, Systems Limited (SYS) was the biggest contributor, adding 174.04 points to the index, while Lucky Cement (LUCK) and Hub Power Company (HUBC) added 62.46 points and 51.71 points, respectively. Attock Refinery Limited (ATRL) and K-Electric (KEL) also bolstered the index, contributing 48.33 points and 44.48 points.
Conversely, Fauji Fertilizer Company (FFC) dragged the index down by 108.64 points, followed by Pakistan Tobacco Company (PAKT) (-29.07 points), Pakistan State Oil (PSO) (-21.78 points), Bank AL Habib (BAHL) (-20.80 points), and Engro Fertilizers (EFERT) (-17.23 points).
Sectoral Performance
Sector-wise, the KSE-100 Index was bolstered by strong performances from Technology & Communication (+178.72 points), Cement (+129.09 points), Power Generation & Distribution (+101.50 points), Refinery (+50.70 points), and Automobile Assembler (+41.47 points).
However, the index was weighed down by Fertilizer (-101.07 points), Tobacco (-29.07 points), Oil & Gas Marketing Companies (-28.52 points), Commercial Banks (-16.02 points), and Miscellaneous (-8.34 points).
Broader Market Overview
The broader market also performed positively, with the All-Share Index closing at 55,752.14 points, gaining 302.16 points or 0.54%. Market volume reached 722.21 million shares, a sharp increase from the previous session’s 474.95 million shares. The traded value also saw a notable rise to Rs25.02 billion, reflecting an increase of Rs5.36 billion compared to the previous session.
Out of the 450 companies traded, 231 closed higher, 148 declined, and 71 remained unchanged.
Most Active Stocks by Volume
The most actively traded stock of the day was K-Electric (KEL), with a staggering 224.2 million shares changing hands, rising 13.41% in the process. Other top-volume stocks included WorldCall Telecom (WTL) with 30.2 million shares traded, followed by Fauji Foods Limited (FFL) with 26.1 million shares, and Kosmopolitan Investment (KOSM) with 21.75 million shares traded.
Market Outlook
The KSE-100 Index has been on a remarkable rally, gaining 8,022 points or 10.23% during the ongoing fiscal year. The calendar year performance is even more impressive, with the index climbing 24,016 points, equivalent to a 38.45% gain. This continued bullish trend reflects investor confidence in the market, driven by favorable economic developments and positive corporate earnings.
As market sentiment remains strong, the PSX is expected to maintain its upward momentum, with a focus on sectors like technology, cement, and power generation leading the charge in the sessions ahead.
PAKISTAN MARKET NEWS
The Pakistani rupee (PKR) experienced a slight dip against the US dollar in Tuesday’s interbank session, weakening by 5 paisa or 0.02% to settle at PKR 277.74 per USD.
