KARACHI: The Pakistan Stock Exchange (PSX) extended its bullish momentum on Tuesday, with the benchmark KSE-100 Index soaring 1,645.90 points (1%) to close at 165,493.59. The rally was driven by strong buying in cement, power, and banking sectors, lifting overall market capitalization to Rs 19.26 trillion, up from Rs 19.16 trillion a day earlier.
The broader indices also posted healthy gains: the KSE-30 jumped 715.15 points to 50,986.83, while the KMI-30 surged 2,571.92 points to 246,267.46.
Turnover & Value
Market activity improved with 1.34 billion shares traded in the ready market, higher than Monday’s 1.28 billion. The traded value also rose sharply to Rs 76.77 billion from Rs 65.76 billion.
Market Leaders
- WorldCall Telecom once again led volumes with 113.6 million shares, but slipped to Rs 1.74.
- Pak Elektron followed, gaining to Rs 56.68 on 110.4 million shares.
- Bank of Punjab rallied to Rs 27.15 with 94 million shares traded.
- Other heavily traded stocks included K-Electric, Treet Corp, Cnergyico, Fauji Cement, Pace Pakistan, Dewan Cement, and Telecard.
Big Movers
- PIA Holding Company Limited (B-class) gained Rs 700.36 to close at Rs 25,984.99.
- Unilever Pakistan Foods also advanced Rs 319.69 to Rs 30,820.00.
- On the losing side, Rafhan Maize Products plunged Rs 515.46 to Rs 10,283.67, while Pakistan Engineering Company fell Rs 55.84 to Rs 524.52.
Futures Market
Turnover on the futures counter climbed to 260.2 million shares, from 208.4 million a day earlier.
- Pak Elektron (PAEL-OCT) remained most active, closing at Rs 57.40 on 35.7 million shares.
- Treet Corp (TREET-OCT) jumped to Rs 32.31 with 24.8 million shares.
- BOP-OCTB settled at Rs 27.50 after 22.7 million shares.
In key moves, SAZEW-OCTB surged Rs 99.93 to Rs 1,829.93, while Attock Refinery (ATRL-OCTB) slipped Rs 17.40 to Rs 701.57.
Analysts said the index crossing the 165,000-point milestone reflects strong investor optimism, supported by improving sectoral earnings and positive market sentiment. However, they cautioned that profit-taking could emerge in the coming sessions after the sharp two-day rally.
