KSE-100 index closes historic high amid improved market liquidity

KARACHI: The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index continued its upward trajectory on Thursday, hitting an all-time intraday high of 138,943.47 points before closing at a record 138,665.49, up 2,285.53 points (+1.68%).

Investor sentiment was buoyed by expectations of a potential rate cut in the upcoming monetary policy, following a decline in yields during Wednesday’s PIB auction.

After catching their breath for two sessions, the bulls stormed back onto the trading floor, charging the benchmark KSE-100 Index to an intraday high of 2,563 points before closing at a mighty 138,665 — up 2,285 points or 1.68%.

“The rally was driven by heavy institutional flows, with local investors stepping in to scoop up value, reigniting market momentum,” Topline Securities said.

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“The index slowly gained momentum as investor sentiment remained strong, driven by positioning ahead of the upcoming corporate results season and supported by improved market liquidity,”  Ismail Iqbal Securities said.

Fertilizer stocks stole the spotlight, with FFC and EFERT planting strong gains and jointly contributing 563 points to the index.

Not far behind on the leaderboard were UBL, SYS, ENGROH, and HUBC, collectively adding 763 points, showcasing strength across multiple blue-chip names.

Market activity remained electrifying, with volumes surging past 778 million shares, while traded value clocked in at PKR 39.95 billion. PIBTL dominated the volumes board, churning out 82.6 million shares.

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With sentiment back in high gear, today’s bullish close sets an upbeat tone heading into the heart of earnings season — all eyes now on key results and macro developments to guide the next leg of the rally.