Overseas funds would divert their liquidity into shopping for Pakistan’s shares. This might merely will increase costs of shares and be worthwhile for individuals who already maintain shares. PHOTO: FILE
KARACHI:
The Pakistan Inventory Trade (PSX) ended the ultimate buying and selling session of the week on a agency footing, with bullish sentiment driving the benchmark KSE-100 index to a contemporary all-time excessive.
The index surged by over 1,550 factors, supported by robust shopping for curiosity in key heavyweight shares amid enhancing macroeconomic and diplomatic developments.
Market exercise mirrored broad-based optimism as 221 shares closed increased whereas 229 declined and 32 remained unchanged, out of a complete of 482 traded throughout the session. Traders largely centered on index-heavy names, the place Engro Holdings, Pakistan Petroleum and Methods Restricted emerged as prime contributors to the day’s positive aspects, offsetting strain from choose cement, fertiliser and power shares.
Sentiment was additional strengthened by constructive developments on the macroeconomic entrance. The Asian Improvement Financial institution’s approval of a $730 million financing package deal for a key energy transmission mission and state-owned enterprise reforms added to confidence about infrastructure upgrades and financial consolidation.
In the meantime, the arrival of the UAE president on an official go to underscored the strengthening of bilateral ties and raised expectations of enhanced commerce, funding and monetary cooperation.
On the shut of buying and selling, the benchmark KSE-100 index posted a powerful acquire of 1,570.51 factors, or 0.92%, and settled at 172,400.73.
Arif Habib Restricted (AHL) famous that within the last buying and selling session of the week, sentiment remained upbeat. The index obtained its strongest help from heavyweight performers together with Engro Holdings (+4.64%), PPL (+2.87%) and Methods Ltd (+2.24%), which contributed essentially the most to the day’s positive aspects. On the draw back, Fortunate Cement (-0.83%), Millat Tractors (-1.52%) and Rafhan Maize Merchandise (-5.99%) emerged as the largest drags on the index.
Amongst financial information, it talked about, the ADB accepted a $730 million financing package deal to help a essential energy transmission mission and reforms in state-owned enterprises, additional bolstering optimism round infrastructure and financial enhancements.
Including to the constructive sentiment, Pakistan Worldwide Airways (PIA) introduced plans to reclaim a few of its useful slots at London’s Heathrow Airport and resume flights to the UK as early as March-April 2026, marking a major step within the airline’s revival following its latest privatisation.
Looking forward to the approaching week, market members anticipate the KSE-100 index to proceed its upward trajectory, with stable help established across the 170,000 degree, supplied broader constructive catalysts stay intact.
“A constructive session was noticed on the alternate because the index gained to shut at an all-time excessive of 172,400 (up 0.92%),” acknowledged Topline in its market overview. High constructive contributions to the index got here from Engro Holdings, PPL, Methods Ltd, NBP and Maple Leaf Cement as they cumulatively contributed 774 factors.
Traded value-wise, The Financial institution of Punjab (Rs3.1 billion), NBP (Rs2.94 billion), The Searle Firm (Rs2.05 billion), PPL (Rs2.03 billion), PTCL (Rs1.51 billion) and Maple Leaf Cement (Rs1.35 billion) dominated the exercise, Topline mentioned.
General buying and selling volumes had been recorded at 798 million shares in contrast with the earlier session’s tally of 812 million. The worth of shares traded throughout the day stood at Rs38 billion.
WorldCall Telecom led the volumes chart with buying and selling in 79.3 million shares, dropping Rs0.07 to shut at Rs1.66. It was adopted by The Financial institution of Punjab, with 78.05 million shares, gaining Rs1.16 to shut at Rs40.06 and Okay-Electrical, which noticed buying and selling in 33.06 million shares, edging up Rs0.08 to shut at Rs5.74.
Overseas traders bought shares price Rs456 million, the Nationwide Clearing Firm reported.
