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A trader can be seen at the Pakistan Stock Exchange (PSX) building in Karachi. —PPI/Files
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KARACHI: Stocks maintained a sharp trend for the second consecutive session on Tuesday. The benchmark KSE-100 index increased by 1,632 points, driven by positive economic data related to strong income reports and remittances.
The Pakistan Stock Exchange (PSX) benchmark’s SE -100 index increased by 1,632.41 points, or 1.47 percent, 113,010.38 points, which increased by 111,377.97 points in the final session. The highest index of the day was 113,233.41 points, while the lowest level was recorded at 111,834.21 points.
“The stocks shut down rapidly because investors weighed strong economic data by increasing $ 3 billion in remittances in January 2025,” said Ahsan Mahani, an analyst at Arif Habib Corporation, said Ahsan Mahani. He said that globally crude oil prices, strong income in fertilizer, cement and banking sectors and thin inflation, expectations for ease of SBP policy and closer in PSX accelerated in PSX. Uthrical play.
The KSE -30 index increased by 35,394.08 points compared to 34,797.30 points in the KSE -30 index or 1.72 percent. Trade shares increased by 415.16 million shares by 71 million shares to 486.935 million shares. The commercial value increased from Rs 23.947 billion to Rs 30.381 billion. Market Capital increased by Rs 13.946 trillion to Rs 13.773 trillion. Of the 447 companies operating in the session, 264 were closed in green, 117 in red, and 66 did not change.
Topline Securities analyst Mazl Millah said Bills were strong in Tuesday’s trading session because the local course witnessed a strong pace, which made an intra -day height of 1,855 points before closing at 113,010 – 1 , Up to 632 points (1.47 %).
He said, “This positive trend can be attributed to the faded sales pressure of local companies, as the NCPL data released yesterday indicated, which has the advantage of the market to the market. It is allowed to maintain. ” “Moreover, better anticipated corporate income reinforces investors’ confidence, and made fresh purchases in key sectors.”
The appetite was widely driven by the strong performances of Angrooh, PPL, FFC, OGDC and Mari, which collectively supported 851 points in the index.
The highest increase was recorded at Unilateral Pakistan Foods Limited, which increased by Rs 183.14 to Rs 23,415.42 per share, followed by Neelam Textile Mills Limited, which increased by Rs 34.32 per share to Rs 1,200. – A significant reduction was noted in the Rafan corn product company Limited, which was reduced by Rs 124.95 to Rs 9,365.05 per share. Philip Morris (Pakistan) Limited followed it, which was reduced from Rs 20.87 to Rs 661.61 per share.
JS Global analyst Mohammad Hassan Athar said that the KSE -100 index driven through strong purchases in key sectors such as cement, E and PS, and fertilizers. “Positive pace is expected to be a MSCI review and foreign arrival has increased,” he said. “In addition, high remittances reinforced market sentiment.”
“Expect a strong movement because both local and foreign investors react to the upcoming MSCI’s progress and their proper reaction to corporate income,” he said. Bo Punjab was a volume leader with 59.148 million shares, which closed at Rs 10.83 per share by 55 money. The World Calle Telecom, with 30.022 million shares, followed it, which closed at a maximum of Rs 1.56 per share.
The other important business includes City Pharma Limited, Diwan Motors, Bank Makrama, Military Cement, TPL Properties, Pak Int Bulk, DG Cement and Kannerjico PK. In the futures market, 323 companies recorded the trade, of which 260 increased, 58 declined and 5 did not change.
