PSX opens week in green as KSE-100 index adds 600 points

KARACHI: The Pakistan Stock Exchange (PSX) started the new trading week on a strong note, with the benchmark KSE-100 index posting early gains on Monday.

By 10:19 AM, the index had risen by 394.76 points, or 0.28 per cent, to reach 138,992.12. It touched a high of 139,201.15 (+603.79 points) and a low of 138,162.65 (-434.71 points) during the morning session. Over 45.8 million shares had changed hands, with the traded value crossing Rs3.43 billion. The index had closed at 138,597.36 in the previous session.

The market’s one-year performance remains strong, with the index up 73.48 per cent. So far this year, it has gained 20.73 per cent. The recent rise reflects growing investor confidence, backed by stable economic indicators and steady foreign inflows.

Among top gainers were Dandot Cement, Kohinoor Power, AGSML, ALAC and EMCO, each gaining between 10 and 15 per cent. Other notable advancers included FIL, HWQS, TATM, DMC and DINT, all of which climbed 10 per cent in early trade.

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On the flip side, some stocks came under selling pressure. PIAHCLB led the losers with a 10 per cent drop. KPUS, DIIL, and SINDM also declined sharply, falling between 8 and 10 per cent. BNL, SHCM, HICL, UDLI and MSCL recorded smaller losses but still dragged market sentiment.

Within the KSE-100 index, stocks like HGFA, ISL, GADT, AIRLINK and YOUW slipped, shedding between 1.5 and 3.5 per cent. HMB and HUMNL also edged lower as investors booked profits.

In contrast, some blue-chip and mid-tier names attracted fresh buying. AGP Ltd rose over 6 per cent. PABC and LCI gained more than 3 per cent each. K-Electric remained among the most active stocks, gaining 3.01 per cent on a volume of over 17.5 million shares. HBL saw a nearly 3 per cent rise, while Unilever Pakistan Foods surged by Rs680 to trade at Rs25,190.

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