KSE-100 Surges 4,899 Points — Closes at 161,632 Amid Strong Buying Momentum

The Pakistan Stock Exchange (PSX) witnessed a robust rally as the KSE-100 Index gained 4,899 points, closing at 161,632 after hitting an intraday high of 162,194 and a low of 158,196. The market maintained its bullish momentum throughout the session, reflecting strong investor confidence.

Trading activity showed significant improvement, with 405 million shares changing hands and a traded value of nearly PKR 31 billion. Major contributors to the index’s rally included:

• United Bank Ltd (UBL): +6.7% (671 points)
• Meezan Bank Ltd (MEBL): +6.7% (406 points)
• Fauji Fertilizer Company (FFC): +2.8% (361 points)
• Bank AL Habib Ltd (BAHL): +5.6% (264 points)
• Habib Bank Ltd (HBL): +4.9% (262 points)

On the volume front, K-Electric (KEL) and Bank of Punjab (BOP) led the activity, trading 85.1 million and 76.5 million shares, respectively.

Broad-based buying interest was seen across major sectors, particularly in Banking, Fertilizer, and Oil & Gas, driving the market’s upward movement.

Following recent corrections, the strong rebound indicates renewed investor interest at attractive valuations. Analysts expect the bullish sentiment to continue, with recommendations to stay focused on fundamentally strong sectors such as E&Ps, OMCs, Banks, and Fertilizers.