Karachi, March 6, 2025 – The KSE-100 index of the Pakistan Stock Exchange (PSX) witnessed a significant surge on Thursday, gaining 1,459 points amid a sharp decline in international oil prices.
The benchmark KSE-100 closed at 113,713 points, up from the previous day’s 112,254 points, reflecting a 1.30% increase.
According to analysts at Topline Securities Limited, the market experienced a strong rebound, with the KSE-100 reaching an intraday high of 1,617 points. The primary catalyst behind this rally was the substantial drop in global crude oil prices, which boosted investor confidence and fueled buying activity across key sectors.
Key Market Drivers
The KSE-100 rally was largely influenced by:
• A significant drop in international oil prices, which reached multi-year lows, reducing cost pressures on energy-dependent sectors.
• Positive speculation regarding high-level government meetings aimed at addressing the persistent issue of circular debt in the energy sector.
• Strong performance of major oil and gas stocks, including Pakistan Petroleum Limited (PPL), Oil & Gas Development Company (OGDC), Mari Petroleum (MARI), Pakistan State Oil (PSO), and Sui Northern Gas Pipelines Limited (SNGP), which collectively contributed 835 points to the KSE-100 index.
Market Activity and Turnover
The trading session saw robust participation, with a total 372 million shares changing hands, generating a turnover of Rs 26.2 billion. Pakistan International Bulk Terminal Limited (PIBTL) led the volume charts, with 48 million shares traded.
Investors remained optimistic as the KSE-100 continued its bullish trend, with institutional and retail buyers actively accumulating stocks in anticipation of further market stability. The decline in oil prices not only improved sentiment in the energy sector but also had a positive spillover effect on the broader market, encouraging buying across multiple sectors.
Market analysts believe that if oil prices remain low and the government successfully addresses circular debt challenges, the KSE-100 may sustain its upward momentum in the coming sessions. However, global economic conditions and domestic political developments will also play a crucial role in shaping future market trends.
With the KSE-100 showing strong gains, investors are hopeful that the stock market will continue its positive trajectory, backed by improving economic indicators and easing cost pressures on key industries.