PSX closes positive amid SBP positive remarks on flood situation

KARACHI: The Pakistan Stock Exchange (PSX) closed in the green on Tuesday as investor sentiment improved following positive remarks from the State Bank of Pakistan (SBP) about the ongoing flood situation.

The bulls stood firm in today’s trading session, with the benchmark index recording an intraday high of 1,083 points before finally settling at 156,467 levels, posting a robust gain of 796 points (+0.51%).

The rally was underpinned by positive sentiment stemming from the State Bank’s latest remarks on the flood situation, noting that while the crisis is evolving, the intensity remains significantly lower than previous episodes, with the economy demonstrating stronger resilience.

Adding fuel to the bullish momentum, the MTS rate normalized to 14.95%, providing much-needed comfort to leveraged players and enhancing market liquidity.

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Meanwhile, the energy sector garnered investor’s interest, as speculation swirled around the upcoming Circular Debt signing ceremony on 17th September 2025. On the back of this chatter, OGDC, PPL, and PSO surged sharply, drawing aggressive buying interest.

Pakistan Stock Exchange – Key Statistics pic.twitter.com/hLbCOj7zcB

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The benchmark KSE-100 Index continued its upward momentum, surging to an intraday high of 156,467.91 points before settling at a closing level of 156,180.94, up 796.44 points (0.51%).

The rally was driven by strong buying in banking and energy stocks, with sentiment further buoyed by reports of a potential meeting between former US President Donald Trump and Prime Minister Shehbaz Sharif next week, alongside optimism over progress on the upcoming IMF tranche review.

However, on the economic front, the 2025 monsoon floods have inflicted nearly USD 2bn in damage to agriculture and infrastructure, posing serious risks to GDP growth, inflation, and external account stability, according to Habib Capital.

An analyst from JS Global said that The bourse witnessed another buying session, with the KSE-100 Index rising 796 points. The market eventually closed at 156,180, marking a strong continuation of bullish momentum. Investor confidence remained elevated after recent positive sessions. Active participation was noted in E&P and banking stocks, which led the gain.

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On the movers’ board, MEBL, TRG, HUBC, and OGDC collectively added 403 points to the index’s tally. However, profit-taking in FFC, MCB, AKBL, and BAFL trimmed 172 points, capping the overall advance.

Investor engagement remained buoyant, with traded volumes clocking in at 1,345 million shares and a turnover of Rs. 43 billion, underscoring the market’s vibrant undertone.