PSX extends record rally as KSE-100 crosses 122,000 for first time
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The Pakistan Stock Exchange (PSX) continued its record-breaking momentum on Thursday, as the KSE-100 index surpassed the 122,000-point mark during intra-day trading for the first time in history.
The market opened with the index at 121,886.21.
During the session, the index reached a high of 122,281.58 before settling at 121,886.21. The lowest point observed during trading was 121,517.90.
Trading volume stood at 82,723,154 shares, with a total transaction value of 4,622,969,368. The market's previous close was 121,798.86.
Read: PSX extends record run as KSE-100 closes above 121,000 points for first time
This follows the historic milestone of the PSX closing above 121,000 points for the first time just the day before.
The recent uptick at the Pakistan Stock Exchange (PSX) comes after the Asian Development Bank (ADB) approved an $800 million financial package for Pakistan under its Resource Mobilization Reform Program (Subprogram-II). The package includes a $300 million policy-based loan and a $500 million program-based guarantee, boosting investor confidence.
Earlier, ADB had delayed the package's approval by five days at India's request, as New Delhi sought time to review the loan documents—highlighting procedural loopholes in the bank's framework that permit such deferrals.
Read more: ADB approves $800m financial package for Pakistan
Yesterday, Ahsan Mehanti of Arif Habib Corp, speaking to The Express Tribune said that stocks closed at an all-time high led by scrips across the board after the ADB loan approval, the growth target and PSDP allocation.
He added that expectations of budgetary relief for oil refineries, real estate and agriculture, along with the rupee's recent gains, played a key role in driving investor optimism.
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Express Tribune
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PSX closes flat over Israel-Iran tensions
Listen to article Pakistan Stock Exchange (PSX) closed flat on Friday as investors remained cautious amid ongoing uncertainty about the Israel-Iran conflict. After opening on a positive note, driven by reports that the Trump administration may delay its decision on taking action in the Middle East by two weeks, the benchmark KSE-100 index touched the intra-day high of 120,829 points. However, it later succumbed to profit-taking, settling marginally higher by 21 points at 120,023. Key support at the 120k level held firm throughout the week despite volatile sessions. "Stocks closed lower on fears of an escalation in Middle East tensions," said Ahsan Mehanti, Managing Director of Arif Habib Corp. Weak rupee and a slump in global equities fuelled panic selling at the PSX, he said. At the end of trading, the benchmark KSE-100 index posted a slight gain of 20.65 points, or 0.02%, and settled at 120,023.24. Topline Securities, in its review, wrote that the KSE-100 index, after opening on a positive note, traded in the positive zone for most part of the session on news that the Trump administration had decided to exercise restraint and would decide on US action in the Israel-Iran conflict within two weeks. However, due to the lack of confidence, the index came down during latter hours to close flat at 120,023, up 0.02%. Top positive contribution to the index came from Hub Power, Systems Limited, UBL, OGDC, Maple Leaf Cement and Pakistan Petroleum as they cumulatively added 168 points. On the flip side, top negative contributors were Pakgen Power, TRG Pakistan, Fauji Fertiliser Company, Pakistan Services, Engro Fertilisers and MCB Bank, which erased 180 points from the index, Topline said. "It was another volatile session that ended with thin change," noted Ali Najib, Deputy Head of Trading at Arif Habib Limited, as the benchmark index closed marginally higher at 120,023 (+21 points). It is pertinent to note that the 120k level has so far proved to be a saviour throughout the week. He pointed out that the market opened on a positive note, driven by media reports suggesting a possible de-escalation in the Israel-Iran conflict. However, profit-taking in the final hour, ahead of the weekend, erased early gains as short-term investors squared off their positions, Najib added. Mubashir Anis Naviwala of JS Global commented that the market started the session on a weak note, with sentiment remaining cautious throughout the day. After touching the intra-day high of 120,829, the index dropped to the low of 119,872 amid profit-taking. However, the positive takeaway was that the index managed to close above the 120,000 psychological mark, he said. Overall trading volumes were recorded at 421.6 million shares compared with the previous tally of 604.5 million. The value of shares traded was Rs15.7 billion. Shares of 468 companies were traded. Of these, 178 stocks closed higher, 245 fell and 45 remained unchanged. WorldCall Telecom was the volume leader with trading in 42.8 million shares, losing Rs0.04 to close at Rs1.45. It was followed by TRG Pakistan with 26.7 million shares, losing Rs5.12 to close at Rs56.68 and Pervez Ahmed Consultancy with 25.5 million shares, losing Rs0.25 to close at Rs2.84. During the day, foreign investors sold shares worth Rs69.3 million, according to the NCCPL.
Business Recorder
4 hours ago
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PSX records mixed day with declining turnover
KARACHI: The Pakistan Stock Exchange (PSX) experienced a mixed trading session on the last trading day of the week due to ongoing conflict between Iran-Israel. On Friday, the KSE 100 Index slightly increased by 20.65 points or 0.02 percent to settle at 120,023 points on Friday up from 120,002 points a day earlier. Topline Securities cited that KSE 100 index, after opening on a positive note, traded in positive zone during the most part of the trading session on news that the Trump administration has decided to exercise restraint and will decide on US action in the Israel-Iran conflict within two weeks. However, due to lack of confidence surrounding the conflict, the KSE 100 Index came down during the latter hours of the trade to close on a slight increase of 0.02 percent. BRIndex100 closed at 12,933.06 points, up 10.02 points or 0.08 percent, with a total volume of 300.5 million shares, while BRIndex30 settled at 37,083.96, gaining 110.34 points or 0.3 percent, with a total volume of 206.8 million shares. Top positive contributions to the index came from HUBC, SYS, UBL, OGDC, MLCF and PPL, as they cumulatively contributed 168 points to the index. Whereas top negative contribution to the index came from PKGP, TRG, FFC, PSEL, EFERT and MCB, as they cumulatively contributed 180 points minus to the index. In the Ready Market, out of 468 companies, 178 advanced, 245 declined, and 45 remained unchanged. The turnover for the regular market stood at 421.64 million, a decrease from the previous day's 604.54 million. The traded value also saw a significant drop to 15.65 billion from 20.44 billion previously. Despite this, the market capitalization in the regular market experienced a slight increase of Rs 13 Billion, reaching 14.536 trillion from 14.523 trillion. Leading the Turnover in the Ready Market was WorldCall Telecom with 42.79 million shares traded, closing at Rs 1.45. TRG Pak Ltd followed closely with a turnover of 26.66 million, closing at Rs 56.68. Moreover, Pervez Ahmed Co closed at Rs 2.84 with 25.52 million shares changing hands. Among companies reflecting an increase in rates, notable advancers in the Ready Market included Macter International Limited, which saw a significant rise of Rs 56.53 to close at Rs 621.82. Other top gainer was Hoechst Pakistan Limited, increasing by Rs 47.74 to close at Rs 3,198.50. Conversely, PIA Holding Company LimitedB saw a substantial decrease of Rs 1,239.31 to close at Rs 11,153.83 and Pakistan Services Limited lost Rs 47.41 to close at Rs 941.11. The BR Automobile Assembler Index closed at 20,237.63 points, losing 42.04 points or 0.21 percent with a turnover of 1.5 million shares, while the BR Cement Index ended at 10,211.56 points, gaining 81.1 points or 0.8 percent with 30.7 million shares traded. The BR Commercial Banks Index settled at 36,672.62 points, up 17.67 points or 0.05 percent on a volume of 17.4 million shares, and the BR Power Generation and Distribution Index fell by 82.71 points or 0.4 percent to close at 20,421.96 points with a turnover of 20.5 million shares. Meanwhile, the BR Oil and Gas Index rose 46.75 points or 0.41 percent to 11,560.78 points with 25 million shares changing hands, and the BR Technology and Communication Index declined by 58.07 points or 2.04 percent to close at 2,791.54 points with a volume of 88.9 million shares. Ahsan Mehanti of Arif Habib Corporation said that stocks showed recovery as receding fears over the Israel-Iran conflict, following the White House's decision to delay its stance on US involvement, boosted investor sentiment. He added that renewed investor interest, particularly in blue-chip oil stocks, also supported the market's upward momentum. This positive trend was further driven by developments on the economic front, as investors weighed the federal cabinet's approval of a Rs1.275 trillion bank loan under the circular debt management plan and ongoing government deliberations over the privatization of state-owned enterprises, both of which played a catalytic role in the PSX's positive close. Copyright Business Recorder, 2025
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KSE-100 Index closes flat after volatile trading
The Pakistan Stock Exchange (PSX) witnessed volatile trading on Friday, as its benchmark KSE-100 Index swayed in both directions before closing the day nearly flat. The KSE-100 started the session positive, but soon witnessed selling pressure that put the index to an intra-day low of 119,872.16. However, the bulls regained momentum in the final hours and brought the index back to the green. At close, the benchmark index settled at 120,023.24, marginally up by 20.65 points or 0.02%. 'KSE-100 lndex after opening on a positive note, traded in positive zone during the most part of trading session on news that Trump administration has decided to exercise restraint and will decide on US action in Israel-Iran conflict within two weeks,' brokerage house Topline Securities said in its post-market report. 'However, due lack of confidence surrounding the conflict, KSE-100 Index came down during the latter hours of the trade to close on a flat note.' Top positive contribution to the index came from HUBC PA, SYS PA, UBL PA, OGDC PA, MLCF PA and PPL PA, as the cumulatively contributed 168 points to the index. Whereas top negative contribution to the index came from PKGP PA, TRG PA, FFC PA, PSEL PA, EFERT PA and MCB PA, as they cumulatively contributed 180 points to the index. On Thursday, the PSX experienced another downbeat trading day, with most key indices registering declines despite some individual company gains. The KSE-100 index dropped by 463.34 points or 0.38% to end the day at 120,002.59. Globally, share markets in Asia struggled for direction on Friday as fears of a potential U.S. attack on Iran hung over markets, while oil prices were poised to rise for a third straight week on the escalating Israel-Iran conflict. Overnight, Israel bombed nuclear targets in Iran, and Iran fired missiles and drones at Israel as a week-old air war intensified with no sign yet of an exit strategy from either side. The White House said President Donald Trump will decide in the next two weeks whether the U.S. will get involved in the Israel-Iran war. The U.S. President is facing uproar from some of his MAGA base over a possible strike on Iran. Brent fell 2% on Friday to $77.22 per barrel, but is still headed for a strong weekly gain of 4%, following a 12% surge the previous week. Still, a cautious mood prevailed in markets with Nasdaq futures and S&P 500 futures both 0.3% lower in Asia. U.S. markets were closed for the Juneteenth holiday, offering little direction for Asia. The MSCI's broadest index of Asia-Pacific shares outside Japan edged up 0.1% but was set for a weekly drop of 1%. Japan's Nikkei slipped 0.2%. China's blue chips rose 0.3%, while Hong Kong's Hang Seng gained 0.5%, after the central bank held the benchmark lending rates steady as widely expected. In the currency markets, the dollar was on the back foot again, slipping 0.2% to 145.17 yen after data showed Japan's core inflation hit a two-year high in May, which kept pressure on the Bank of Japan to resume interest rate hikes. Investors, however, see little prospect of a rate hike from the BOJ until December this year, which is a little over 50% priced in. Meanwhile, the Pakistani rupee posted marginal decline against the US dollar, depreciating 0.02% during trading in the interbank market on Friday. At close, the local currency settled at 283.70, a loss of Re0.06 against the greenback. Volume on the all-share index decreased to 421.64 million from 604.54 million recorded in the previous close. The value of shares declined to Rs15.65 billion from Rs20.44 billion in the previous session. WorldCall Telecom was the volume leader with 42.79 million shares, followed by TRG Pak Ltd with 26.66 million shares, and Pervez Ahmed Co with 25.53 million shares. Shares of 468 companies were traded on Friday, of which 178 registered an increase, 245 recorded a fall, while 45 remained unchanged.
