The buying rally continued at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 Index closing at a new record high of 143,037.16 points, up by 984.52 points or 0.69%. The index reached an intra-day high of 143,281.34 points before settling lower.
Positive momentum was observed throughout the trading session, with index-heavy sectors like automobile assemblers, commercial banks, cement, fertilizers, and oil marketing companies (OMCs) trading in the green. Key stocks such as SNGPL, WAFI, INDU, MCB, MEBL, and UBL contributed to the upward trend.
On Monday, the PSX closed on a strong note, supported by strong corporate developments and expectations of robust earnings across key sectors. The KSE-100 surged by 1,017 points or 0.72%, marking a historic high of 142,052.65 points.
During Tuesday’s session, the KSE-100 Index showed an intraday high of 143,281.34 points and a low of 142,235.71 points. The total volume for the KSE-100 was 262.32 million shares, with 55 companies closing up and 45 closing down.
The top gainers for the day included NESTLE (+10.00%), NML (+9.51%), FHAM (+5.85%), FATIMA (+5.40%), and YOUW (+4.78%). On the downside, the top losers were GHGL (-1.58%), CNERGY (-1.49%), LCI (-1.49%), AIRLINK (-1.28%), and PPL (-1.27%).
In terms of index contributions, FFC (+273.55 points), MCB (+113.32 points), UBL (+111.09 points), EFERT (+90.63 points), and HUBC (+90.18 points) were the main drivers. Conversely, PPL (-51.02 points), BAHL (-50.99 points), PSO (-39.88 points), MARI (-34.85 points), and OGDC (-23.30 points) dragged the index lower.
Sector-wise, the KSE-100 Index was led by Fertilizer (+431.43 points), Commercial Banks (+167.36 points), Power Generation & Distribution (+119.28 points), Cement (+91.65 points), and Textile Composite (+89.65 points). The index was weighed down by Oil & Gas Exploration Companies (-109.82 points), Oil & Gas Marketing Companies (-41.03 points), Technology & Communication (-27.52 points), Chemical (-14.98 points), and Refinery (-11.34 points).
In the broader market, the All-Share Index closed at 88,422.06, gaining 590.27 points or 0.67%. Total market volume was 549.72 million shares, down from 666.37 million in the previous session, with a traded value of Rs37.04 billion, reflecting a decrease of Rs5.88 billion. There were 339,999 trades reported across 484 companies, with 239 closing up, 217 closing down, and 28 remaining unchanged.
