PSX opens higher as KSE-100 gains over 350 points  

KARACHI: The Pakistan Stock Exchange (PSX) opened Tuesday’s session on a positive note, with the benchmark KSE-100 index remaining in the green during the early trading hours. By around 9:42 AM, the index had risen by 368.32 points to reach 122,593.67, with a trading volume of nearly 6 million shares.  

The day’s early low came slightly earlier at 9:33 AM, when the index touched 122,274.1, still 48.83 points above Monday’s closing level of 122,225.35. 

Among the top-performing stocks in early trade were CJPL, which gained Rs1.00 to reach Rs5.57, up 21.88 per cent; GUSM, up Rs1.00 to Rs9.28, a 12.08 per cent increase; BML, which rose Rs0.43 to Rs4.35, showing a 10.97 per cent gain; and SERT, climbing Rs1.63 to Rs17.88, up by 10.03 per cent. 

On the flip side, the top decliners included PKGP, which dropped Rs26.38 to Rs237.39, a 10 per cent fall; PIAHCLB, down Rs1,700.02 to Rs15,300.17, also a 10 per cent drop; NSRM, which slipped Rs5.35 to Rs48.57, down 9.92 per cent; HUSI, which declined Rs2.74 to Rs28.06; and SHJS, falling Rs11.09 to Rs117.01. 

By 10:24 AM, the KSE-100 index was trading at 122,432.14. Over the past year, the index has recorded a gain of 55.37 per cent, while its year-to-date performance reflects an increase of 6.35 per cent. Over the last 52 weeks, the index has seen significant movement, with its lowest point at 76,896.82 and a peak at 126,718.28. 

On Monday, the KSE-100 index had closed at 122,225.35, up by 81.79 points or 0.07 per cent. During that session, the index fluctuated within a wide range of 1,013.38 points, reaching an intraday high of 122,903.33 and a low of 121,889.95. The total traded volume stood at 181.44 million shares.  

Investor sentiment remained cautious, largely influenced by concerns over the Iran-Israel conflict and the Monetary Policy Committee’s decision to maintain the interest rate at 11 per cent amid persistent inflationary pressures and tempered expectations. 

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