PSX opens fiscal year strong as KSE-100 hits all-time high
The current index is at 127,927.49, up 1.83% from the previous close of 125,627.31.
The market touched an intraday high of 128,149.46, while the lowest level recorded during the session was 126,113.27.
Total traded volume stood at 198.08 million shares, with a trading value of Rs16.83 billion
.
Analysts attributed the rally to positive investor sentiment supported by signs of economic and political stability, as well as optimism around fiscal reforms announced in the federal budget.
Earlier on Monday, PSX closed the fiscal year 2024-25 at a record high on Monday, where the benchmark KSE-100 index surged 1,248 points, or 1%, to 125,627.
According to Ahsan Mehanti of Arif Habib Corp, stocks hit a new all-time high at the year-end close, driven by record trading volumes following the rollover of $3.4 billion financing by China, which boosted foreign exchange reserves to over $14 billion, meeting the IMF's June 30 target and supporting rupee stability.
Read: PSX closes fiscal year at all-time high
At the end of trading, the KSE-100 index recorded an increase of 1,248.25 points, or 1%, and settled at 125,627.31.
In its review, Topline Securities commented that the local bourse wrapped up the fiscal year on a high note, carrying forward last week's bullish momentum with another stellar performance.
The benchmark index soared to an intra-day high of 1,369 points before closing with a gain of 1,248 points (up 1%) to settle at 125,627.
In its commentary, Arif Habib Limited (AHL) said that the week saw a solid start, with the KSE-100 gaining 1% to close above 125,600 points.
Some 71 shares rose, while 29 fell, where FFC (+1.52%), HBL (+3.51%) and Bank AL Habib (+2.7%) contributed the most to index gains.
Overall, shares of 481 companies were traded. Of these, 297 stocks closed higher, 152 fell and 32 remained unchanged.
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Business Recorder
3 hours ago
- Business Recorder
PSX achieves historic milestone
KARACHI: The Pakistan Stock Exchange (PSX) sustained its bullish momentum on Tuesday, with the benchmark KSE-100 Index registering another record closing mainly attributed to the macroeconomic stability with easing inflation and strengthening rupee, besides hopes of monetary easing in coming weeks. The benchmark KSE-100 Index surged by a remarkable 2,572.11 points or 2.05 percent to settle at an all-time high of 128,199.43 points. It opened on a firm note and maintained a steady upward trajectory throughout the session, peaking at an intra-day high of 128,475.70 points, and low of 126,113.28 points. BRIndex100 closed at 13,050.51 points, gaining 279.22 points or 2.19 percent with a total volume of 810.23 million shares. On the other hand, BRIndex30 edged up by 205.47 points or 0.54 percent to close at 38,499.52, with a total volume of 485.71 million shares. Topline Securities noted that KSE-100 Index rang in the new fiscal year with a bang, soaring at 128,199 points. Investor sentiment remained upbeat amid expectations of economic stability, a strengthening rupee, and hopes of monetary easing in the coming months. The local equity benchmark indices delivered another impressive performance, ending the day with significant gains driven by strong buying activity in the banking and fertilizer sectors, it added. The ready market volume stood at 1.032 billion shares, slightly lower than the 1.144 billion shares traded in the previous session. However, the traded value increased to Rs 44 billion, up from Rs 35.238 billion a day earlier. Meanwhile, the overall market capitalization posted a strong gain of Rs 233 billion, rising to Rs 15.472 trillion from Rs 15.239 trillion in the last session. Among the volume leaders, Kohinoor Spinning emerged as the most traded stock with 84.98 million shares changing hands with a closing rate Rs.6.39. It was closely followed by Bank of Punjab with 73.83 million shares and Sui Southern Gas Company with 69.16 million shares which closed at Rs 10.92 and Rs 44.73 respectively. Among the top gainers in the ready market were PIA Holding Company LimitedB, which jumped by an extraordinary Rs 1,616.70 to close at Rs 17,783.73, and Khyber Textile Mills Limited, which surged by Rs 118.44 to settle at Rs 1,374.41. On the other hand, the laggards included Unilever Pakistan Foods Limited, which dropped by Rs 223.33 to finish at Rs 23,390, and Supernet Technologies Limited, which declined by Rs 71.02 to close at Rs 844.28. Market breadth remained firmly positive. In the ready market, 233 scrips posted gains against 206 losses, while 40 closed unchanged among 479 total active companies. The BR Automobile Assembler Index finished at 20,542.80 points, gaining 110.64 points or 0.54 percent, with a total turnover of 8.41 million shares. The BR Cement Index, however, slipped by 67.78 points or 0.64 percent to close at 10,552.62, with 45.93 million shares traded. The BR Commercial Banks Index posted a strong performance, rising by 1,575.13 points or 4.67 percent to settle at 35,273.89, accompanied by a turnover of 180.05 million shares. Meanwhile, the BR Power Generation and Distribution Index added 79.84 points or 0.39 percent to close at 20,708.96, with a total volume of 17.35 million shares. The BR Oil and Gas Index also ended on a positive note, up 107.96 points or 0.9 percent to 12,057.89, with 98.51 million shares changing hands. Lastly, the BR Technology & Communication Index gained 58.48 points or 2 percent, closing at 2,981.18, with a total turnover of 119.46 million shares. According to Ahsan Mehanti of Arif Habib Corporation, stocks closed at a new all-time high amid upbeat data on CPI inflation, which eased to 3.4 percent year-on-year for June 2025, alongside government projections of rising exports and inflation ranging between 5-7 percent for FY26. He noted that the government's decision to abolish extra duties on industrial power tariffs and a sharp rise in global crude oil prices played a catalytic role in driving the bullish close at the Pakistan Stock Exchange. Copyright Business Recorder, 2025
Business Recorder
3 hours ago
- Business Recorder
PM applauds PSX's historic rally
ISLAMABAD: Prime Minister Shehbaz Sharif on Tuesday welcomed a record rally in the country's benchmark stock index, crediting government policies and growing investor confidence for the milestone. The KSE-100 Index crossed 127,000 points for the first time on the opening day of the new fiscal year, marking a significant boost for the country's financial markets. 'The new fiscal year has begun with good news and a significant development in the economic field,' Sharif said in a statement. He described the surge as evidence of improving sentiment among investors and the business community. Sharif said the performance reflected confidence in the government's economic policies, which he credited for gradually stabilising the economy over the past year. He also praised the government's economic team and reaffirmed his administration's commitment to enhancing the investment climate. 'This fiscal year will be a milestone in our journey to strengthen the economy,' he said. In a separate meeting, Sharif rejected speculation about the possible closure or merger of national institutions related to science, literature, and culture, saying the government remained committed to preserving and strengthening them. 'The government is not considering any proposal to close or merge institutions of scientific, literary, historical, and cultural importance,' Sharif said during talks with Senator Irfan Siddiqui of the Pakistan Muslim League-Nawaz (PML-N), according to a statement from the Prime Minister's Office. He described such institutions as vital to the country's intellectual and cultural identity and said the government would work to make them 'strong, effective, and efficient.' Siddiqui conveyed concerns from writers, scholars, and artists about potential downsizing. In response, Sharif announced the formation of a committee to improve the management of these institutions, aligning them with contemporary needs. 'Societies that neglect science, literature, and arts fall prey to mechanical thinking and lose subtle human emotions,' Sharif said. Copyright Business Recorder, 2025
Express Tribune
5 hours ago
- Express Tribune
PSX reaches new peak above 128,000
Listen to article Pakistan Stock Exchange (PSX) continued its upward journey on Tuesday, crossing 128,000 points for the first time in history. The bull-run was triggered by the allocation of fresh funds for the equity market, economic and political stability as well as optimism surrounding fiscal reforms announced in the federal budget. Investor sentiment was further buoyed by encouraging signals such as a sharp decline in June's Consumer Price Index (CPI) to 3.4% year-on-year and the government's upbeat projections for exports and inflation. Additionally, the abolition of duty on industrial power tariffs and a rally in global crude oil prices aided the momentum, which took the KSE-100 index to a new high at 128,199, up 2,572 points, or 2.05%. According to Ahsan Mehanti of Arif Habib Corp, stocks closed at a new all-time high amid upbeat data of CPI-based inflation, which rose 3.4% year-on-year in June, and the government's projections for higher exports and modest 5-7% inflation in FY26. He added that the abolition of duty on industrial power tariffs and surging global oil prices drove the bullish close at the PSX. In its review, Topline Securities stated that the KSE-100 index kicked off the new fiscal year with a bang, soaring to intra-day high of 2,848 points before settling at 128,199, up an impressive 2,572 points. Fauji Fertiliser Company (FFC) was the standout performer, contributing 565 points following the release of a report a day earlier, which buoyed investor interest, it said. Banking stocks were in the limelight as investors actively reshuffled their portfolios. Heavyweights like UBL, Meezan Bank, MCB Bank, HBL and Bank AL Habib added 1,221 points, reflecting strong institutional interest. On the flip side, cement stocks faced headwinds as profit-taking kicked in amid weaker local dispatches, added Topline. Arif Habib Limited (AHL) commented that the stock market extended gains up to 128,000 points, with the KSE-100 index going up by 2.05%. Some 60 shares rose and 39 fell, where FFC (+5.04%), UBL (+5.03%) and MCB Bank (+8.91%) contributed the most to index gains. On the flip side, Lucky Cement (-1.54%), DG Khan Cement (-2.48%) and Tariq Glass Industries (-4.36%) were the biggest drags, it said. AHL noted that the CPI for June 2025 registered an increase of 3.2%, compared to the hike of 3.46% in May. Inflation slowed last month, despite a sharp rise in fuel costs following the Israel-Iran military conflict. The government raised fuel prices by Rs13.75 in June, the highest increase in 11 months. "Support for the index rises to 126,500 points, with the broader target of 130,000 now in sight," commented AHL. JS Global analyst Muhammad Hasan Ather said that the KSE-100 kicked off FY26 on a bullish note, where the benchmark index rose 2% to close at 128,199. Investor optimism was driven by fiscal reforms outlined in the federal budget and renewed confidence from political and economic stability, he said. "With robust trading volumes and resilient sentiment, the outlook remains positive, having the potential for further upside, as economic indicators stabilise and reforms gain traction," he remarked. Overall trading volumes decreased to 1.03 billion shares compared with Monday's tally of 1.1 billion. The value of shares traded was Rs44 billion. Shares of 479 companies were traded. Of these, 233 stocks closed higher, 206 fell and 40 remained unchanged. Kohinoor Spinning Mills was the volume leader with trading in 85 million shares, falling Rs0.11 to close at Rs6.39. It was followed by The Bank of Punjab with 73.8 million shares, gaining Rs0.57 to close at Rs10.92 and Sui Southern Gas Company with 69.2 million shares, rising Rs1.94 to close at Rs44.73. Foreign investors sold shares worth Rs914.4 million, the National Clearing Company reported.
