Karachi | July 22, 2025 | Closing Bell

The equity market opened on a strong footing and maintained its upward momentum throughout the session. The KSE-100 Index recorded an intraday high of 139902 and a low of 138198 before settling at 139420, marking a robust gain of 1202 points. Total traded volume reached 245.8 million shares, with a market turnover of PKR 25.5 billion.

Major contributors to the index rally included ENGROH up 5.2 percent adding 346 points, HBL up 4.4 percent contributing 197 points, FFC up 1.5 percent adding 193 points, EFERT up 4.5 percent with 191 points, and OGDC up 2.5 percent contributing 118 points. On the volume chart, PTC and BOP led the activity with 24.9 million and 17.5 million shares traded respectively.

Strong buying interest was observed in the Fertilizer, Exploration and Production, Oil Marketing, and Cement sectors, while the Banking sector showed a mixed trend.

Despite the ongoing rollover week, the market achieved a record close above the 139000 level for the first time. While volatility is expected to persist, the market is likely to maintain its upward trajectory in the upcoming sessions. The bullish sentiment is largely driven by expectations of strong dividend announcements, particularly from the Banking and Fertilizer sectors.

Going forward, investors are encouraged to focus on fundamentally sound sectors such as Exploration and Production, Oil Marketing, Fertilizers, and Banks, which continue to offer attractive dividend yields and promising growth potential.