Karachi: Despite ongoing economic challenges, including the aftermath of devastating floods, Pakistan’s stock market has continued its bullish rally for the seventh consecutive session. The KSE-100 Index reached an all-time high, surpassing 156,000 points for the first time in PSX history, driven by strong corporate earnings and increased liquidity.
According to Topline Securities, the market opened strongly on Monday, with the benchmark index touching 156,199 points intraday before closing at 156,087 points, showing an impressive gain of 1,810 points (1.17%).
Key contributors to the rally included Engro Holdings, Hub Power, Lucky Cement, Mari Energy, and Sui Northern Gas Pipelines, collectively adding 1,144 points. On the other hand, profit-taking in United Bank, Systems Ltd, and Fauji Cement led to a dip of 191 points.
📊 Below is a quick snapshot of the latest movements in the Pakistan Stock Market:
| Company / Sector | Change | Impact on KSE-100 |
|---|---|---|
| Engro Holdings | +405 points | Major contributor to rally |
| Hub Power (Hubco) | +5.78% rise | Added strong momentum |
| Lucky Cement | Positive | Strengthened index growth |
| Mari Energy | Positive | Contributed to gains |
| Sui Northern Gas Pipelines | Positive | Boosted index points |
| United Bank (UBL) | Negative | -191 points with others |
| Systems Ltd | Negative | Contributed to dip |
| Fauji Cement | Negative | Contributed to dip |
Trading volumes also remained strong, increasing by 4.43% to 1.12 billion shares, while the total traded value rose by 3.91% to Rs 62.2 billion. K-Electric led the volume chart with 93.7 million shares traded.
Meanwhile, experts warned that despite this bullish rally, economic risks remain due to the estimated $1.4 billion flood damages, particularly in the agriculture sector, as reported by AHL Research.
👉 For detailed coverage, visit:
