PSX sees modest gain amid subdued market activity

PSX sees modest gain amid subdued market activity

Karachi, April 22, 2025 — The Pakistan Stock Exchange (PSX) closed Tuesday’s session with a modest uptick, as the benchmark KSE-100 index added 47 points to settle at 118,430, compared to the previous day’s close of 118,383. Despite this positive finish, the overall market activity remained relatively subdued throughout the trading day.

According to market analysts at Topline Securities Limited, the PSX showed only a slight gain of 0.04%. The improvement was mainly attributed to the release of corporate earnings reports that offered some support to investor sentiment. However, a generally cautious global outlook kept overall activity in check, limiting aggressive participation on the local bourse.

The PSX’s performance was underpinned by positive contributions from major stocks including Fauji Fertilizer Company (FFC), Engro Corporation (ENGROH), Habib Metropolitan Bank (HMB), AGP Limited (AGP), and Atlas Honda (ATLH). Collectively, these scrips added around 733 points to the index, playing a crucial role in holding market momentum.

Despite the subdued tone of the session, market activity was relatively stable in terms of volumes. The PSX recorded a total trading volume of 740 million shares, while market turnover reached Rs 30 billion. This reflects that although market sentiment was cautious, investors remained engaged. The Bank of Punjab (BOP) led the volumes chart with a notable 116 million shares traded, indicating focused interest in specific counters.

The activity on the PSX today reflects a delicate balance between investor optimism over corporate results and broader concerns stemming from international market trends. As global uncertainties continue to impact local sentiment, market watchers expect the PSX to remain sensitive to both domestic corporate developments and macroeconomic indicators.

Going forward, analysts suggest that a pickup in PSX activity could be seen if international cues turn favorable and earnings season continues to deliver encouraging results. For now, the PSX remains steady but subdued, with activity levels suggesting a wait-and-watch approach by investors.