PSX touches new peak above 134k

KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish momentum on Friday, with the benchmark KSE-100 Index surging sharply at the open on the last trading day of the week.

Just 20 minutes into the session, around 9:22 AM, the index had climbed by 652.9 points, reaching 134,435, a sign of sustained investor confidence following Thursday’s strong performance. 

As of 9:41 AM, the KSE-100 stood at 134,316.92, up by 534.58 points or 0.4 per cent. The market showed considerable strength, hitting a high of 134,435.24 and a low of 134,130.40 in early trade. The volume at that point was over 36.4 million shares, with the traded value crossing Rs1.53 billion. By 9:49 AM, the index touched a fresh intraday high of 134,452.33, registering a total gain of 669.99 points or 0.50 per cent. The volume rose further to nearly 47.7 million shares. 

The index has delivered a remarkable performance over the past year, with a 68.08 per cent increase, while its year-to-date gain stands at 16.79 per cent. The KSE-100’s 52-week range now stretches from 76,943.24 to 134,452.33, the highest mark seen so far. 

Investor sentiment was buoyed by Thursday’s sharp rally, where the index had jumped 1,205 points, or 0.91 per cent, to close at 133,782.34. The rally was driven by a record-breaking surge in workers’ remittances, which surpassed $38 billion for FY25. The inflow not only bolstered Pakistan’s foreign exchange reserves but also offered some relief on the external financing front. Thursday’s session saw the index trade within a wide band, touching a high of 133,902.34 and a low of 132,706.02, with a total volume of 325.79 million shares. 

In Friday’s early session, several stocks recorded strong gains. Among the top advancers, FIBLM jumped 14.29 per cent to Rs6.40, while PINL rose 12.05 per cent to Rs9.30. SHJS, SUHJ, FASM, KOIL, PIAHCLB, REWM, KTML and MEHT all recorded 10 per cent gains, showing widespread buying across various sectors. 

However, some stocks faced selling pressure. TRSM led the decliners, dropping 11.47 per cent to Rs7.72. STJT fell 10 per cent to Rs76.49, while PRET declined 7.93 per cent to Rs485.00. Other notable losers included DINT, IDSM, HAFL, MQTM, LEUL, BFMOD and UBDL, which recorded losses ranging from nearly 5 to 7 per cent. 

With the KSE-100 continuing to scale fresh highs and investor sentiment supported by strong economic indicators, the market appeared to be on firm footing as the week drew to a close. 

Around 10:01 AM, the PSX climbed to a new record high, with the KSE-100 index reaching 134,553.26 after gaining 751.21 points, while the trading volume stood at 55,734,253 shares. 

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