The KSE-100 Index staged a rebound from its intraday low near 182,000, settling at 183,049—up 896 points—in a largely range-bound session.
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The index traded within a band of 182,052 to 183,801 during the day. ENGROH (+4.42%), LUCK (+2.49%), FABL (+9.07%), MCB, and BAFL collectively added 920 points to the index, providing strong support. Conversely, BAHL (-2.63%), PPL (-1.7%), and UBL (-0.56%) trimmed 311 points from gains, said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.
On the corporate front, PSX expects 12 IPOs in 2026, including Sitara Petroleum Services Ltd., which plans to raise up to USD 11.4mn to expand operations.
Additionally, Pakistan and the UAE are nearing the signing of a CEPA agreement, aimed at enhancing bilateral trade beyond the current USD 8–10bn.
Trading activity remained moderate, with volumes of 734 million shares and turnover of PKR 35bn. KEL led volumes with 120 million shares.
Outlook:
Our outlook remains unchanged, with the market expected to continue consolidating within the 180,000–190,000 range, accompanied by heightened volatility during this phase.