The Pakistan Stock Exchange (PSX) continued its upward momentum on Tuesday, with the benchmark KSE-100 Index reaching a new record high. The index began trading on a positive note, achieving an intra-day high of 91,358.15 points. However, some selling pressure in the final hours of trading trimmed the gains.
By the close of the session, the KSE-100 Index settled at 90,864.09 points, marking an increase of 668.58 points or 0.74%. The buying activity was primarily driven by the cement, banking, and energy sectors, with stocks such as OGDC, PPL, NBP, MEBL, and MLCF trading in positive territory.
The positive performance was primarily driven by robust corporate earnings, which exceeded expectations and laid a strong foundation for investor confidence. Institutional buying further supported the rally, reinforcing the overall optimism. This positive sentiment has fueled a buying spree, pushing the market to new heights.
Key contributors to the index included FFC, SYS, CHCC, HUBC, and GLAXO, which collectively added 515 points.
Trading activity was vigorous, with 602 million shares exchanged, totaling Rs 28 billion. WTL emerged as the most actively traded stock, with 41 million shares transacted.
Top Volumes:
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| WTL | 1.25 | 1.31 | 1.23 | 0.03 | 41,401,611 |
| SILK | 1.09 | 1.13 | 1.01 | 0.08 | 31,281,039 |
| PACE | 5.76 | 6.43 | 5.6 | -0.28 | 30,208,661 |
| POWER | 6.05 | 6.25 | 5.3 | 0.46 | 25,619,164 |
| FFL | 10.65 | 10.88 | 10.45 | 0.15 | 24,810,190 |
| KEL | 4.38 | 4.54 | 4.31 | 0.01 | 23,787,546 |
| SSGC | 13.41 | 13.74 | 12.25 | 0.55 | 21,730,897 |
