KARACHI – The Pakistan Stock Exchange (PSX) continued its upward trajectory on Tuesday, with the benchmark KSE-100 index reaching an intraday high above the 134,000 mark before closing at a record level. Despite volatility throughout the session, the market managed to post a modest gain.
According to market data, the KSE-100 index closed at 133,403.19 points, registering a slight increase of 33 points or 0.02%. The session saw a fluctuation of nearly 830 points, as investors opted for profit-taking after several days of sustained rally.
Key Sector Performances
The banking sector played a pivotal role in supporting the index, with major contributions from Habib Metropolitan Bank, Askari Bank, Meezan Bank, MCB, and Indus Motor Company. Collectively, these stocks added more than 220 points to the benchmark.
On the other hand, fertiliser, petroleum, and tech stocks faced selling pressure. Notable laggards included Fauji Fertiliser, Engro Fertilisers, Mari Petroleum, and selected IT stocks, collectively dragging the index by 173 points.
Strong Trading Volumes
Trading activity remained robust with over 1.2 billion shares exchanged during the session, generating a total value of Rs41.99 billion. TPL Properties led the volume chart with nearly 97 million shares traded.
Investor Sentiment
Market analysts attributed the sustained momentum to improving economic indicators, fiscal clarity, and optimism surrounding upcoming corporate earnings. A steady decline in Pakistan’s credit default swap (CDS) levels has also played a role in restoring investor confidence.
According to Arif Habib Limited, the continued bullish trend reflects confidence in the government’s macroeconomic policies and structural reforms. However, they caution that market correction remains likely in the event of external shocks or negative earnings surprises.
Outlook
The PSX has now posted gains for eight consecutive sessions, setting multiple new records along the way. While sentiment remains positive, volatility is expected to persist in the short term as investors reassess valuations and profit-taking continues.
This report has been filed by PakTribune. All rights reserved.
