Karachi, January 13, 2025 – The Pakistan Stock Exchange (PSX) surged on Monday, with the benchmark KSE-100 index gaining 983 points as bullish sentiment dominated the trading session. The PSX’s KSE-100 index closed at 114,230 points, significantly higher than last Friday’s closing of 113,247 points, showcasing renewed investor confidence.
Analysts at Topline Securities Limited highlighted the dominance of bulls in today’s session, which drove the PSX to impressive gains. The index reached an intraday high of 1,248 points before settling with a robust increase of 983 points. This rally underscores the positive momentum building in the PSX.
Strong buying interest across multiple sectors fueled the PSX’s rally, supported by optimism over improving economic indicators and expectations of strong December quarter earnings. Blue-chip stocks and high-volume sectors attracted heightened investor activity, reversing last week’s market pullback and further cementing the bullish trend at the PSX.
In particular, GAL from the auto sector extended its upward trend, closing at its upper circuit following the successful launch of the new pickup truck, “JAC T9 Hunter,” which captured significant investor attention. Meanwhile, EngroH contributed negatively to the PSX’s performance, dragging the index by 275 points as shares were transferred to investors due to a merger.
Key contributors to the PSX’s upward movement included major players such as MARI, MTL, UBL, SRVI, and FFC, collectively adding 620 points to the KSE-100 index. Despite these gains, trading volumes at the PSX were slightly subdued compared to last week. A total of 515 million shares were traded during the session, with a turnover of Rs 28 billion. WTL led the volume charts at the PSX, with 69 million shares changing hands.
The PSX’s strong performance reflects investor optimism and confidence in Pakistan’s economic recovery. As the market continues to build on this momentum, the PSX remains a focal point for both local and foreign investors. The trajectory of the PSX in the coming days will depend on macroeconomic developments, corporate earnings announcements, and global market trends, keeping market participants engaged.