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KSE-100 Nears Historic High, Closes Just Shy of 150,000 with 1,353-Point Surge
The Pakistan Stock Exchange (PSX) witnessed a robust session today as the benchmark KSE-100 Index rallied by 1,353 points, closing at 149,971. The index touched an intraday high of 150,066 and a low of 148,500, reflecting strong investor confidence throughout the day.
Market activity remained upbeat, with 511.6 million shares traded, valuing at PKR 34.2 billion. Key drivers of the rally included LUCK (4.2%, 268 points), OGDC (2.3%, 130 points), FCCL (7.4%, 118 points), BAHL (1.8%, 89 points), and NBP (3.4%, 87 points). On the volumes chart, BOP (97.7 million shares) and KEL (85.9 million shares) led the activity.
Sector-wise, Cement, Banking, E&P, and OMCs were the prime beneficiaries of strong buying, while the Fertilizer sector saw mixed sentiment.
The index’s brief move beyond the 150,000 milestone underscores sustained optimism in the market. Analysts anticipate the upward momentum to continue, though intermittent volatility may arise as the index edges closer to uncharted levels. Investors are advised to keep focus on fundamentally strong sectors, especially E&Ps, OMCs, Fertilizers, and Banks, which remain attractive for both dividend yields and long-term growth prospects.
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