Karachi, January 14, 2025 – The Pakistan Stock Exchange (PSX) witnessed a positive trading session on Tuesday, as the benchmark KSE-100 index recorded a 0.50% increase on a Day-on-Day (DoD) basis.
Buoyed by encouraging investor sentiments, the market closed at 114,804 points, up by 574 points from the previous day’s closing of 114,230 points.
According to analysts at Topline Securities Limited, today’s trading activity at PSX was driven by robust buying interest, leading the market to significant gains. The index reached an intraday high with a surge of 815 points before settling at its final tally of 114,804 points, reflecting steady market performance throughout the session.
Pharmaceutical sector giant BFBIO continued its bullish run, achieving its upper circuit and contributing positively to the PSX. Conversely, EngroH exerted downward pressure on the index, causing a loss of up to 145 points. Despite this, the overall market sentiment remained upbeat.
Key contributors to the KSE-100’s positive performance included United Bank Limited (UBL), Mari Petroleum Company Limited (MARI), Systems Limited (SYS), Attock Refinery Limited (ATRL), and Pakistan State Oil (PSO). Collectively, these five companies added 486 points to the index, showcasing their critical role in supporting the upward trend at PSX.
Market activity at PSX was notably strong, with a substantial trading volume of 588 million shares and a total turnover valued at Rs 32.5 billion. CNERGY dominated the volume leaderboard, with 42 million shares traded during the session, underscoring its appeal among investors.
This upward movement at PSX reflects growing confidence in the market, attributed to improving macroeconomic indicators and optimism surrounding government policies aimed at bolstering economic stability. The pharma sector’s resilience, coupled with contributions from banking, oil, and IT sectors, underscored the broad-based recovery in the market.
The Pakistan Stock Exchange’s (PSX) performance today highlights its potential for sustained growth, provided positive economic signals persist. As investors keep a close watch on market developments, the strong momentum at PSX offers a promising outlook for the days ahead.