PSX extends record-breaking rally as KSE-100 gains over 1,200 points 

KARACHI: The Pakistan Stock Exchange (PSX) kept its bullish momentum going on Tuesday, with the benchmark KSE-100 Index crossing the 137,000 level within minutes of the opening bell. The index surged over 1,200 points, fuelled by buying across key sectors.

At 9:45am, the KSE-100 stood at 137,727, up 1,225 points or 0.9 per cent. Trading volume at that time was over 31 million shares. Sectors driving the rally included auto assemblers, commercial banks, oil and gas explorers, OMCs, power producers, and refineries.

Heavyweight stocks such as ARL, HUBCO, MARI, PPL, POL, PSO, MCB, MEBL, NBP, and UBL were all in the green, boosting the index.

By 10:00am, the index was at 137,283.50, showing a gain of 780.97 points or 0.57 per cent. It touched a high of 137,727.63 and a low of 136,829.16. Volume rose to 50 million shares with a total traded value of over Rs4 billion. 

Several stocks hit their upper limits. Top gainers included PIL, GEMNETS, AGIC, SMCPL, and ABL, each rising around 10 per cent or more. On the losing side, QUET, RCML, and AATM were among the worst performers, falling between 6 and 10 per cent. 

The rally follows a strong session on Monday, when the KSE-100 closed at an all-time high of 136,502.53 after gaining 2,202.77 points or 1.64 per cent. It remained in positive territory throughout the day, hitting a high of 136,841.49 and a low of 134,937.43. Total volume was nearly 260 million shares. 

Analysts say the ongoing surge reflects improved investor sentiment and hopes of economic recovery. Prime Minister Shehbaz Sharif welcomed the gains, calling them a sign of rising trust in the government’s economic policies. 

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