The Pakistan Stock Exchange opened Wednesday’s session on a strong note, delivering another milestone moment for investors. The benchmark KSE-100 Index crossed the 170,000 level in early trade, an achievement fueled by renewed market confidence following the IMF’s latest approval for Pakistan’s next loan disbursement.
With greater clarity on the economic front and improved liquidity expectations, investors kicked off the morning with aggressive buying across multiple sectors.
Early Session Momentum: Market Takes Off Strong:
By 9:50 AM, the KSE-100 was trading at 170,164.63, up 708.25 points (0.42%).
The index stayed firmly in the green throughout the early session, touching:
• Intraday High: 170,241.72
• Intraday Low: 169,806.32
Trading activity was robust, with volumes reaching 40.44 million shares on the KSE-100 alone.
Among the 100 benchmark companies:
• 75 stocks were trading higher
• 15 were in the red
• 6 remained unchanged
• 4 had yet to trade
Top Movers: ISL Hits Upper Circuit as Bulls Dominate:
A number of stocks stole the spotlight:
Top Gainers
• ISL surged 10%, hitting its upper limit
• INIL gained 5.84%
• DHPL climbed 5.60%
• JVDC rose 3.13%
• PKGP advanced 3.02%
Top Decliners
• PSEL led the downside with a 1.88% drop
• Minor pressure came from THALL, SRVI, PAEL, and PAKT
Despite a few laggards, the overall sentiment remained firmly bullish.
Index Support: Key Contributors Driving the Rally:
Major positive contributors included:
• FFC
• ISL
• HUBC
• DHPL
• LUCK
On the other hand, stocks like PSEL, SYS, THALL, DGKC and PAEL offered mild downward pressure, though not enough to offset the broader rally.
Sector Snapshot: Banks, Fertilizer & Cement Lead the Charge:
Strength in the market was led by:
• Commercial Banks
• Fertilizer
• Investment Companies & Securities
• Engineering
• Cement
Sectors showing mild weakness included:
• Miscellaneous
• Automobile Parts & Accessories
• Cable & Electrical Goods
• Tobacco
• Sugar & Allied Industries
However, their negative impact remained minimal.
Broader Market: All-Share Index Also Rises:
The optimism wasn’t limited to the benchmark index. The All-Share Index climbed to:
• 102,892.33, up 413.76 points (0.40%)
Total market volume soared to 139.25 million shares in early trade.
Top Volume Leaders:
• BML – 33.7M+ shares
• KEL
• BOP
• TPLP
• QUICE
• ASL
• BNL
• HUMNL
• TPL
• PIAHCLA
A Stellar Year for PSX: Double-Digit Gains Continue:
The PSX has already delivered a remarkable performance this fiscal year:
• FY-to-date gain: 44,537 points (35.45%)
• Calendar-year gain: 55,038 points (47.81%)
With improving macroeconomic indicators and the latest IMF confirmation, investor confidence appears to be gaining fresh momentum, setting the tone for what could be another strong trading day at the Pakistan Stock Exchange.