KSE-100 crosses 151k mark again, gaining over 1,000 points

KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish momentum on Tuesday, the second trading day of the week, as the benchmark KSE-100 Index remained firmly in positive territory throughout the session and comfortably traded above the 150,000 level.

The index, which had closed at 149,971.12 a day earlier with a gain of 1,353.35 points, opened in green on Tuesday and never slipped into negative territory. By 9:36 AM, the KSE-100 was up by 491.23 points at 150,462.35.

Gains deepened as the session progressed, with the index climbing 855.74 points to 150,826.86 by 11:56 AM on a traded volume of over 231 million shares. Shortly after 1 PM, the index touched its intraday high of 151,020.03, reflecting an increase of 1,048.91 points.

As of 1:34 PM, the benchmark stood at 150,849.64, up 878.52 points or 0.59 percent. The day’s range so far has been between 150,081.40 and 151,020.03, while total volume has reached 332.7 million shares. In a broader context, the KSE-100 has gained 92.70 percent over the past year and is up 31.03 percent year-to-date. On a 52-week basis, the index has moved between a low of 78,240.37 and a high of 151,261.67.

Top movers

Among the day’s top gainers, CTM rose 13.34 percent to Rs7.05, TPL advanced 11.36 percent to Rs9.80, and KOHP gained 10.52 percent to Rs10.51. Other strong performers included ASLPS, SHCM, SMCPL, CCM, UVIC, SERT and DAAG, all rising around 10 percent. On the losing side, HAFL declined 10 percent to Rs346.50, ASLCPS fell 10 percent to Rs61.30, while DIIL and NSRM shed 8.32 percent and 8.23 percent respectively.

KSE-100 companies’ performance

Within the index, several companies stood out with double-digit or notable gains. JVDC surged 10 percent to Rs93.54, GHGL climbed 7.90 percent to Rs51.25, and BOP, the most heavily traded stock of the day with over 147 million shares, rose 7.78 percent to Rs17.87. Other key gainers included TGL, Airlink, BAFL, EngroH, SRVI, NPL, ISL and SEARL.

On the flip side, PKGP was the biggest drag, sliding 5.39 percent to Rs110.00. EPCL lost 3.84 percent to Rs30.80, PSEL fell 2.61 percent to Rs916.01, and SAZEW dropped 2.03 percent to Rs1,587.95. Blue-chip names such as Nestle, DGKC, LUCK, ABL and PSX also posted modest losses.

Previous session recap

The stock market had already kicked off September on a strong note on Monday, with the KSE-100 rising 1,353.35 points or 0.91 percent to settle at 149,971.12. That session saw an intraday high of 150,066.00 and a low of 148,500.20, while total traded volume reached 511.82 million shares. Of the 100 index companies, 67 ended in the green, 32 in the red, and one remained unchanged.

Top gainers in Monday’s session were BOP, PAEL, EPCL, ISL and FCCL, while the biggest losers were PKGP, AGL, IBFL, PGLC and UPFL. In terms of index-point contributions, LUCK, OGDC, FCCL, BAHL and NBP supported the index, whereas FFC, SYS, PKGP, BAFL and HINOON weighed it down.

The market’s sustained momentum and strong turnover suggest continued investor confidence as the benchmark remains close to its all-time high of 151,261.67.

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Web Desk