KEY POINTS
- KSE-100 Index closes at 185,062.11, gaining 2,653.87 points or 1.45%
- Banking, commercial banks, cement, and technology & communication sectors lead gains
- Market breadth positive: 238 stocks advanced, 218 declined, 29 unchanged
- Trading volumes remain strong at 1,306.1 million shares with total value at Rs 85.32 billion, up 9.2%
- K-Electric, B.O.Punjab, and Pak Int.Bulk are the top volume leaders
ISLAMABAD: The Pakistan Stock Exchange continued its record-breaking rally on Tuesday, with the benchmark KSE-100 Index crossing the 185,000-point mark for the first time.
The market opened lower at 181,182.07 but recovered steadily, reaching an intraday high of 185,481.45 and settling at 185,062.11, reflecting a gain of 1.45% from the previous close (Pakistan Stock Exchange).
The rally was supported primarily by banking, commercial banks, cement, and technology & communication sectors, which collectively added 2,330 points, or 1.26% of the benchmark index.
A total of 485 companies were traded, with 238 advancing, 218 declining, and 29 remaining unchanged, highlighting broad participation.
Trading volumes on the all-share index stood at 1,306.1 million shares, down 5.6% from 1,384.3 million in the previous session, while the value of shares rose to Rs 85.32 billion, up 9.2% from Rs 78.1 billion.
K-Electric led in volume with 109.62 million shares, followed by B.O.Punjab with 79.91 million shares and Pak Int.Bulk with 62.34 million shares.
The rally was driven by expectations of a 50bps cut in the upcoming State Bank of Pakistan Monetary Policy Committee meeting and liquidity-driven buying, as investors continue to convert assets into equities and remain optimistic about corporate earnings prospects.
International cues also influenced sentiment, with Asian equities reaching record levels, but local buying and policy expectations remained the primary drivers.
The Pakistani rupee strengthened slightly in the inter-bank market, closing at 280.07 against the US dollar, up Re 0.03, or 0.01%, from the previous session.
