KSE-100 index soars to a new historic high on new FY

KARACHI: KSE-100 Index rang in the new fiscal year with a bang, soaring to an intraday high of 2,848 points before settling at 128,199 — marking an impressive gain of 2,572 points or 2.05%.

Fauji Fertilizer Company (FFC) emerged as the standout performer, contributing 565 points to the index following the release of a report issued a day earlier by Topline Securities, which buoyed sentiment around the stock.

Banking stocks remained in the spotlight as investors actively reshuffled their portfolios. Heavyweights UBL, MEBL, MCB, HBL, and BAHL jointly added 1,221 points to the index, reflecting strong institutional interest.

On the flip side, cement stocks faced headwinds as profit-taking kicked in amid weaker local dispatch figures, highlighted in a report published by Topline Securities today.

KSE-100 Index closed on a positive note, reaching a new all time high both intraday and at closing.

The index gradually gained points throughout the session, supported by improved liquidity and sustained investor interest, reflecting strong market confidence, Ismail Iqbal Securities stated.

FBR’s revenue collection in FY25 reached Rs865b: Langrial

Commercial Banks, Fertilizer, and Technology & Communication sectors were the major contributors in today’s session.

CPI for June ’25 came in at +3.2% compared to +3.46% in May ’25. Inflation slowed last month despite a sharp rise in fuel costs following the Israel-Iran military conflict, Arif Habib Limited said.

The government raised fuel price by as much as PKR 13.75 in June, the highest increase in 11 months.

Support rises to 126.5k with the boarder 130k target now in sight, AHL added.

Overall market activity remained vibrant, with trading volumes crossing the 1.02 billion mark and total traded value reaching PKR 43.8 billion. KOSM led the volumes chart with 84.9 million shares.