KARACHI:
The Pakistan Inventory Alternate (PSX) rallied to a different document excessive on Tuesday and appeared well-positioned for a vibrant efficiency in 2026, underpinned by enhancing investor sentiment and ample liquidity.
The market started the day’s proceedings on a powerful footing, swiftly scaling to the intra-day peak of 174,805 in early buying and selling. Nevertheless, profit-taking triggered a mid-morning correction, which pulled the index all the way down to the intra-day low of 174,121.
Subsequently, investor confidence strengthened with the market transferring in a slender band and making a gradual restoration by means of the afternoon. The rally was primarily supported by shares of vitality and banking sectors, with spectacular contribution, whereas fertiliser and cement shares confronted a gentle stress amid profit-taking.
The benchmark KSE-100 index closed at a contemporary all-time excessive of 174,472.80, up 576.45 factors, or 0.33%.
In its market wrap, KTrade Securities wrote that the PSX prolonged its record-setting momentum, with the KSE-100 closing at a contemporary all-time excessive of 174,473, gaining 576 factors. The broader development remained optimistic, supported by sector rotation and selective profit-taking quite than broad-based promoting.
Positive aspects had been led by vitality, banking and energy shares, which offered the spine for the market’s advance, whereas fertiliser and cement sectors confronted delicate stress. Sturdy shopping for curiosity was noticed in Oil and Fuel Improvement Firm, UBL, Pakistan Petroleum, PSO, Hub Energy, Meezan Financial institution and Attock Refinery, whereas Fauji Fertiliser, Engro Fertilisers, DG Khan Cement, Fauji Cement and Maple Leaf Cement pulled the index down, it stated.
Market participation stayed wholesome regardless of minor intra-day volatility, with volumes reaching 851 million shares, reflecting sustained liquidity and investor confidence, KTrade added.
Topline Securities analyst Asad Ali commented that the benchmark KSE-100 index jumped 52% in rupee worth (51% in US greenback) in 2025 as just one buying and selling session was left. Market capitalisation of listed firms elevated 39% to achieve Rs19.7 trillion or $70 billion, he stated.
Arif Habib Restricted (AHL) noticed that intra-day highs had been simply in need of the 175k stage because the market’s advance continued. Some 65 shares rose whereas 36 fell with OGDC (+2.61%), UBL (+1.14%) and Pakistan Petroleum (+2.19%) contributing probably the most to the index positive aspects. In distinction, Fauji Fertiliser (-0.84%), Engro Fertilisers (-1.34%) and DG Khan Cement (-2.87%) had been the largest index drags.
AHL highlighted that headline inflation in December 2025 was anticipated to ease to five.8% as in comparison with 6.2% in November; although it “stays elevated in comparison with 4.1% in November 2024”.
Moreover, the State Financial institution of Pakistan’s information on interventions within the foreign exchange market confirmed that it purchased a internet $6.9 billion in 12 months until September 2025. In accordance with the SBP, Pakistan’s GDP grew 3.71% within the first quarter of 2025-26. AHL believes that the near-term goal of 175k is now in sight and must be hit in Wednesday’s session.
Total buying and selling volumes decreased to 851 million shares in opposition to Monday’s tally of 858 million. The worth of traded shares stood at Rs44.9 billion.
Shares of 479 firms had been traded. Of those, 282 closed greater, 158 fell and 39 remained unchanged.
Belief Brokerage was the quantity chief with buying and selling in 57.5 million shares, rising Rs0.63 to shut at Rs3.99. It was adopted by Fauji Meals with 54.4 million shares, falling Rs0.07 to shut at Rs20.90 and Unity Meals with 49.2 million shares, gaining Rs1.46 to shut at Rs21.61.
Overseas buyers offered shares price a internet Rs594.7 million, the Nationwide Clearing Firm reported.
