The Pakistan Stock Exchange’s benchmark KSE-100 index continued its upward trend on Monday, closing at 114,528 points, up by 198 points (0.17%).
The index reached an intraday high of 115,890 points, supported by local fund buying, as reported by NCCPL yesterday.
According to Topline Securities, major contributions to the rally came from BAHL, MCB, OGDC, MLCF, and MARI, collectively adding 296 points.
On the flip side, FFC, HUBC, and TRG dragged the index down by 146 points.
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Despite the positive momentum, trading remained active, with 494 million shares exchanged, generating a turnover of Rs29 billion.
FCCL dominated the volume charts, with 61 million shares traded.
Market analyst Ahsan Mehanti of Arif Habib Corp attributed the bullish close to strong earnings in fertiliser, cement, oil, and banking sectors.
He highlighted industrial power tariff cut expectations, lower inflation projections for February 2025, upcoming SOE privatisations, and positive IMF review talks next week as key catalysts driving investor sentiment.
Meanwhile, the Pakistani rupee experienced a minor uptick against the US dollar, appreciating by 0.07% in the inter-bank market during Tuesday’s opening hours.
The Pakistan Stock Exchange’s KSE-100 index closed at 114,330.10 levels after gaining 1,529 points.
