The Pakistan Stock Exchange (PSX) ended Thursday’s session on a high note, with the benchmark KSE-100 Index surging by 978.17 points, or 0.71%, to close at 139,390.42. The rally was fueled by a surprise announcement from U.S. President Donald Trump, who revealed a new trade agreement between Pakistan and the United States, which includes plans for joint development of Pakistan’s oil reserves.
The announcement sparked investor optimism, with key sectors seeing substantial gains. Trump’s statement, shared via his Truth Social account, hinted at the potential for American investment in Pakistan’s energy sector and even the possibility of future oil exports to India, further enhancing market sentiment.
As a result, stocks in the Exploration and Production (E&P) sector, including Oil & Gas Development Company Limited (OGDC), Pakistan Petroleum Limited (PPL), and Mari Petroleum (MARI), led the charge, driven by expectations of increased foreign direct investment and technology transfer.
The index traded within a wide range, hitting an intraday high of 140,215.22 and a low of 139,083.74 points. The total trading volume on the KSE-100 Index reached 291.21 million shares.
Of the 100 index companies, 54 closed in the green, while 46 ended in the red. Top gainers included PABC (+10.00%), SYS (+7.60%), and THALL (+6.30%), while top losers included GHGL (-3.59%) and EPCL (-2.61%).
In terms of index-point contributions, SYS, OGDC, POL, MARI, and PPL helped push the index higher, while FFC, BAFL, EFERT, HBL, and GHGL weighed it down.
Sector-wise, the Oil & Gas Exploration Companies, Technology & Communication, and Miscellaneous sectors made significant contributions to the index’s rise, while Fertilizer, Chemical, and Pharmaceuticals sectors experienced some losses.
The broader market also showed positive movement, with the All-Share Index closing at 86,260.96, up by 558.00 points or 0.65%. Total market volume stood at 577.35 million shares, with a traded value of Rs36.35 billion, reflecting an increase of Rs11.35 billion compared to the previous session.
