PSX expands the rally, KS-100 hits a record high

The Pakistani Stock Exchange (PSX) did not show signs of deceleration of its journey on Tuesday, as investors continued to accumulate shares, receiving slogans from stellar corporate profits and optimistic market prospects.

The KSE-100 reference index increased to a new high of all time 156,563.53, increasing by 476.22 points or 0.31%, compared to the closure of the previous day.

After sinking into a low intra -endoconnectors 155,044.26 earlier at the Summit, the index quickly recovered, reaching a high 157,088.81. The market then remained in positive territory for the rest of the day, closing with a moderate profit of just below 500 points.

The ongoing struggle – shaped by the earnings of profits – has gathered further impulse, underlining the appetite of investors for buildings in lucrative stocks. The local institutional market and retail participation have also continued to feed the rally, led by the banks, energy and fertilizers.

This trend committed despite macroeconomic headings, including the increase in Pakistan’s debt ratio to 73.2%FY25, as public debt increased by 13%, exceeding 8%of GDP.

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In the market wrapper, Ktrade Securities noted that the PSX maintained its upward impulse, with the reference index adding 476 points to close at 156,564. He said that the feeling of investors remained positive, is largely driven by strong fertilizer and banks.

The main contributors to the rally include Engro Holdings, Fauji Fertilizer, Meezan Bank, Mari actions, Engro and National Bank fertilizers. Ktrade underlined the durability of the stock market in the midst of macroeconomic concerns, attributing it to the confidence of investors in Pakistan’s long -term financial prospects, backed by the improvement of fundamental elements and specialized power.

Total trading volumes decreased to 1.07 billion shares, from $ 1.13 billion on Monday. The commercial value amounted to 55.2 billion Rs. K-Electric surpassed the intensity chart with 169.6 million shares, earning 13 Paisa to close in RS5.75.