The Pakistan Stock Exchange (PSX) maintained its record-breaking momentum on Monday, with the benchmark KSE-100 Index briefly surpassing the 91,000 mark for the first time during intra-day trading. The index started the session on a positive note, reaching an intra-day high of 91,054.84 before some selling pressure in the second half trimmed the gains.
Despite the late-session selling, the KSE-100 Index managed to close above the 90,000 level for the first time in its history, settling at 90,195.51. This marked an increase of 201.55 points, or 0.22%, from the previous close.
Index-heavy stocks such as HBL, MCB, MEBL, PPL, PSO, SNGPL, and SSGC contributed to the positive performance, trading in the green throughout the session.
However, upward momentum was driven by expectations of an imminent rate cut in the upcoming monetary policy, alongside strong corporate earnings. Furthermore, investor sentiment was bolstered by the announcement of a $1.4 billion loan sought from China. Additionally, optimism has been bolstered by strong corporate earnings reports and favorable economic developments.
Key contributors to the index included SYS, COLG, PSO, POL, and PPL, which collectively added 341 points.
Trading activity was vigorous, with 566 million shares exchanged, totaling Rs 29 billion. FFL emerged as the most actively traded stock, with an impressive 53 million shares transacted.
Top Volumes:
| SCRIP | PRICE | HIGH | LOW | CHANGE | VOLUME |
|---|---|---|---|---|---|
| FFL | 10.62 | 10.7 | 10.25 | 0.43 | 53,645,675 |
| KEL | 4.38 | 4.6 | 4.32 | -0.22 | 29,876,223 |
| SSGC | 12.8 | 13.17 | 11.8 | 0.85 | 27,406,470 |
| KOSM | 7.84 | 8.2 | 7.6 | 0.17 | 21,273,461 |
| PACE | 6.03 | 6.16 | 5.69 | 0.43 | 20,373,354 |
| WTL | 1.23 | 1.3 | 1.23 | -0.03 | 17,270,869 |
| SEARL | 70.75 | 71.2 | 64.21 | 3.9 | 15,435,294 |
