Karachi, January 19, 2026 – The benchmark KSE-100 index of the Pakistan Stock Exchange (PSX) posted a strong rally on Monday, surging by 2,663 points as investors priced in expectations of an imminent interest rate cut. The index closed at 187,762 points, up from Friday’s closing level of 185,099 points.
Market analysts said the bullish momentum carried over from last week, with investors dominating trading throughout the session. The KSE-100 index touched an intraday high of 2,783 points before settling near the day’s peak, registering a gain of 2,662 points or 1.44%.
According to analysts at Topline Securities Limited, investor sentiment remained upbeat amid growing expectations of a 50 basis points cut in the upcoming monetary policy announcement. This anticipation kept buying interest strong and supported broad-based gains across key sectors.
Further optimism was fueled by selective stock buying following a recent Topline report that identified NML, AICL, IGIHL, and LUCK as trading at attractive discounts to their sum-of-the-parts (SOTP) valuations.
On the index front, heavyweight stocks including ENGROH, UBL, HUBC, FFC, MEBL, and SRVI emerged as the top contributors, jointly adding 1,554 points to the benchmark index.
Despite the sharp rise in the index, overall trading activity remained moderate. Total market volume stood at 1.195 billion shares, while the value of shares traded reached Rs63.7 billion. BML led the volume chart, with 246 million shares traded during the session.