PSX closes at all-time high amid positive sentiment in oil & gas

KARACHI: Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index ended the session at 142,098 on Monday, marking a gain of 1,018 points or 0.72% — its highest closing level to date.

The rally was fuelled by positive sentiment surrounding Oil & Gas Development Company (OGDC), which received its first TFC interest payment of Rs7.7 billion, as well as optimism over upcoming cement sector results, backed by improved monthly performance, Topline Securities said.

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An analyst from Ismail Iqbal Securities said that the benchmark index closed on a high note, marking record all time highs both intraday and at market close.

The rally was primarily attributed to improved industry sales in the cement sector, further supported by strength in banking stocks as recent development signaled a delay in the anticipated easing cycle.

Cement, Commercial Banks, and Technology & Communication sectors were the major contributors in today’s session, cumulatively adding 866 points to the index.

An analyst from Al Habib Capital said that the PSX continued its record-breaking rally. Gains were driven by a new US-Pakistan trade deal that lowers tariffs on Pakistani exports to 19%, includes Pakistan’s first oil import agreement with the US via Cnergyico, and explores joint development of oil reserves in Balochistan. A strong rebound in Jul’25 cement dispatches also boosted sentiment.

Major positive contributors included LUCK, BAHL, HBL, HUBC, and SYS, which collectively added 716 points to the index. On the downside, PKGP, ENGROH, and PPL together shaved off 134 points.

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Investor participation remained robust, with total traded volume reaching 663 million shares and a turnover of Rs42 billion. CNERGY topped the volume chart with 53 million shares exchanged.