Commerce volumes fell to 175 million shares in contrast with Monday’s tally of 181 million. PHOTO: FILE
KARACHI:
The Pakistan Inventory Trade (PSX) maintained its bullish streak on Wednesday because the benchmark KSE-100 index touched a brand new report, supported by continued shopping for from institutional traders.
The market commenced buying and selling with a spike but it surely quickly plunged to the intra-day low of 184,897 within the very first hour. Afterwards, investor sentiment improved and shopping for curiosity emerged, taking the market to the intra-day excessive of 187,015 nicely after noon. At shut, the KSE-100 settled at 186,518.72, up 1,456.61 factors, or 0.79%. Market watchers attributed the sturdy near sustained institutional flows, which helped the index overcome early strain.
Topline Securities, in its report, noticed that the native bourse remained firmly up and prolonged its stellar momentum to notch an all-time excessive shut at 186,519. The benchmark index skilled a extremely buoyant session, surging to the intra-day excessive of 1,953 factors, whereas profit-taking remained modest, with the intra-day low capped at 165 factors, underscoring the market’s underlying energy.
Optimism has been carried over decisively into 2026, the place the PSX gained a strong 12,464 factors (+7.2%) within the first 5 buying and selling classes. The highly effective begin to the brand new yr displays sustained investor confidence, pushed largely by aggressive shopping for from native funds. Shifting asset allocation from fixed-income devices to equities amid declining returns on conventional avenues has continued to gas liquidity and assist elevated valuations, it stated.
Heavyweight shares as soon as once more led the advance with Hub Energy, Pakistan Petroleum, Engro Holdings, MCB Financial institution and Meezan Financial institution rising as key drivers. They contributed round 766 factors to the index, Topline added. Ismail Iqbal Securities said that the benchmark index closed on a optimistic word because it hit recent all-time highs each intra-day and at shut for the fifth consecutive session.
The 2026 rally continued in full swing, pushed by sturdy liquidity inflows and ongoing asset class conversion, conserving investor optimism firmly intact. Energy technology & distribution, oil & gasoline exploration and cement sectors had been the foremost contributors, including 689 factors to the index, the analysis home stated. KTrade Securities famous that the PSX closed one other session on a powerful word, pushing the benchmark KSE-100 index up by 1,457 factors (+0.79%) to 186,519. The market maintained its upward bias, which mirrored regular investor participation and continued confidence within the broader development.
The rally was primarily pushed by heavyweight shares, the place Hub Energy made a significant contribution, adopted by Pakistan Petroleum, Engro Holdings, MCB Financial institution and Meezan Financial institution. The energy in these names helped soak up intermittent profit-taking and stored the index firmly optimistic at shut, KTrade stated.
“Bulls prolonged the rally on the PSX for the third consecutive session, with the index closing at a recent all-time excessive of 186,519, gaining 1,457 factors,” JS International analyst Nawaz Ali commented. He attributed the surge to continued curiosity from institutional traders and native funds amid a shift in allocations from fixed-income devices to equities.
Total buying and selling volumes elevated to 1.33 billion shares in contrast with Tuesday’s tally of 1.31 billion. The worth of traded shares stood at Rs86.6 billion. Shares of 486 corporations had been traded. Of those, 299 rose, 161 fell and 26 remained unchanged.
Ok-Electrical continued to steer the volumes chart with buying and selling in 77.9 million shares, edging down Rs0.01 to shut at Rs6.55. It was adopted by Hascol Petroleum with 58.6 million shares, gaining Rs1.22 to shut at Rs18.32 and The Financial institution of Punjab with 54.5 million shares, gaining Rs0.72 to shut at Rs42.95.
