KARACHI: The Pakistan Stock Exchange (PSX) witnessed a positive session on Tuesday despite of intraday volatility. The benchmark KSE-100 index closed higher by 1,567 points amid value-hunting by the investors.
The benchmark KSE-100 Index rose by 1,567.36 points or 0.86 per cent to 183,951.51 points from 182,384.15 points recorded in the last session. The highest index of the day remained at 184,304.87 points, while the lowest level was recorded at 180,589.95 points.
Ali Najib, deputy head of trading at Arif Habib Ltd, said consolidation at the PSX continued. The market experienced notable intraday volatility, hitting a high of 184,304 and a low of 180,589. However, value buying emerged at lower levels, enabling the index to settle in positive territory by close.
On the sectoral front, oil and gas production improved WoW, with oil output rising 1.1 per cent to 65,444 bopd and gas production increasing to 3,012 mmcfd, the highest since mid-Mar’25, supported by reduced curtailment, stronger northern output, and higher supplies to the fertilizer and power sectors, as key fields posted multi-month highs.
“Our view remains unchanged: a consolidation phase may persist within the 180-187k range amid geopolitical uncertainty, while any pullback is likely to be treated as a buying opportunity, given strong underlying fundamentals,” said Ali Najib.
The KSE-30 index increased by 542.89 points, or 0.97 per cent, to 56,444.71 points from 55,901.83 points.Traded shares dropped by 21 million shares to 1,037.262 million shares from 1,058.795 million shares. The trading value increased to Rs62.704 billion from Rs48.237 billion. Market capitalisation expanded to Rs20.769 trillion against Rs20.599 trillion. Of the 480 companies active in the session, 177 closed in green, 265 in red, and 38 remained unchanged.
The highest increase was recorded in Atlas Honda Limited, which rose by Rs75.32 to Rs1,610.32 per share, followed by Pakistan Services Limited, which increased by Rs36.13 to Rs1,057.74 per share. A significant decline was noted in PIA Holding Company Limited B, which fell by Rs500 to Rs22,500 per share. Hoechst Pakistan Limited followed it, which closed lower by Rs152.28 to Rs4,200.22 per share.
Naveed Nadeem, an analyst at Topline Securities, said the KSE-100 Index wrapped up the trading session on a positive note. However, the market witnessed intraday volatility.Key index heavyweights, including UBL, NBP, MCB, LUCK, and MEBL, provided significant support, jointly contributing 936 points to the benchmark. Meanwhile, declines in FFC, SAZEW, and HALEON weighed on performance, collectively reducing the index by 158 points
BO Punjab remained the volume leader with 73.893 million shares, which closed higher by 30 paisas to Rs41.65 per share. Media Times Ltd with 67.419 million shares, followed it, which closed lower by 29 paisas to Rs8.32 per share.
Other significant turnover stocks included WorldCall Telecom, K-Electric Ltd, PTCL, Nishat ChunPower, National Bank XD, Pak Int Bulk, Nishat Power and Hascol Petrol. In the futures market, 313 companies recorded trading, with 146 increasing, 162 decreasing and 5 remaining unchanged.
