PSX rides bullish wave, climbs above 146,000 at open

KARACHI: The Pakistan Stock Exchange (PSX) opened the last trading session of the week on a strong note, with the benchmark KSE-100 Index posting notable gains in early trade on Friday. Within the first half-hour, the index surged by 804.2 points to reach 146,451.33, with trading volume standing at over 13.14 million shares.

Although the upward momentum eased later in the session, the PSX maintained its position in positive territory, staying above the 146,000 mark.

By around 9:40 am, the index was at 146,120.39, up 473.26 points or 0.32 percent. The intraday high touched 146,451.33 while the low stood at 145,973.78. Trading volume by that time had reached over 28.42 million shares, with a total value of approximately Rs3.92 billion.

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On a year-on-year basis, the KSE-100 has gained 87.70 percent, while the year-to-date rise stands at 26.96 percent. The day’s trading range hovered between 145,973.78 and 146,451.33, whereas the 52-week range extends from 77,085.48 to the current all-time high of 146,451.33.

Among the top gainers in early trade were PASM, RUBY, JUBS, KML, ASLPS, BNL, ANTM, BAFS, JKSM, and PKGP, all of which recorded gains of up to 12 percent. On the other hand, the major decliners included DIIL, NSRM, OML, DMTM, SITC, GRYL, SARC, BOK, EPCLPS, and FPRM, which saw losses ranging between 5 percent and nearly 10 percent.

Previous close

Thursday’s session had also ended on a positive note, with the KSE-100 Index closing at 145,647.13, up 558.64 points or 0.39 percent. The index recorded an intraday high of 146,081.02 and a low of 145,250.17, with a total traded volume of 326.58 million shares.

Analysts attribute the ongoing bullish trend to stronger macroeconomic indicators and growing clarity over the government’s economic policies. The recent breakthrough above the 146,000 mark has further boosted investor sentiment, sustaining the momentum in the equity market.

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