KSE-100 recovers 623 points amid institutional support

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KARACHI: On Tuesday, the Pakistan Stock Exchange (PSX) began to recover severely, leaving Monday’s reduction back because the Benchmark’s SE -100 Index of 116,700 reached an intra -height of the benchmark before 0.54 percent height on a one -day basis. During the session, institutional support was visible.

The Pakistan Stock Exchange (PSX) Benchmark’s SE 100 Index increased by 622.95 points, or 0.54 percent to 115,532.43 points, which increased by 114,909.49 points in the final session. The highest index of the day was 116,692.29 points, while the lowest level was recorded at 115,560.91 points.

Arif Habib Corporation analyst, Ehsan Mahanti, said, “The global equity that looks at the Trump tariff Levies began to recover stocks under the board’s scripts across the board,” said Ehsan Mahani.

He said that next month, the IMF installment plays a leading role in the speeding of the PSX for the 1.5 trillion gas circular loans to expect the SBP policy and the government’s commitment to expect the government’s commitment.

The KSE -30 index increased by 120.37 points or 0.34 percent to 35,661.68 points against 35,541.31 points.

Trade shares fell by 710.788 million shares to 180 million shares by 530.694 million shares. The commercial value dropped from Rs 43.023 billion to Rs 33.677 billion. The market capitalization is up to Rs 14.139 trillion to Rs 14.14.139 trillion. Of the 454 companies operating in the session, 273 were closed in green, 127 in red, and 54 changed.

Naveed Nadeem, analyst in Topline Securities, said that the KSE 100 Index closed at 118,938, which won 623 points (0.54 percent). He said, “According to the global trend, the market was recovered. Positive pace was primarily driven by fate, marble, meble, balloon, and strong BAFL performances, which combined with 688 points in the index.

The highest increase was recorded in Bata Pakistan Limited, which increased from Rs 1333.29 to Rs 1,662.05 per share, followed by Philip Morris (Pakistan) Ltd., which increased to Rs 108.02. A significant reduction was noted in the Service Industries Limited, which was reduced by Rs 777.50 to Rs 9992.63 per share. Khyber Textile Mills Limited followed it, which closed at Rs 437.92 per share to Rs 45.21. Brokerage Arif Habib Limited said the rally was fueled by the confidence of new investors, which supported significant progress in the mining sector and the purchase of key stocks.

Leading the benefits were fate (+6.65 %), Marie (+5.05 %), and MEBL (+1.46 %), especially in the index’s top speed. Significant promotion has come after the news that national resources, a joint venture that contains 33.33 % of Fate and Fatima’s 33.33 % shares, has discovered enough copper, gold and silver in Chagai district of Balochistan. The announcement, especially in the fields of mining and cement, gave rise to the rapid emotions.

Despite the benefits of Tuesday, the technical ‘toe difference’ index remains a major resistance level. The decisive interval above will need to be moved further to the prejudice of the nearby period. Nevertheless, strong close and encouraging sector developments have pointed to the growing hope in the market.

Conrayko PK remained the volume leader with 121.664 million shares, which closed at a maximum of Rs 8.40 per share. The bank followed, with 32.603 million shares, which closed at a maximum of Rs 1.87 per share to Rs 75.3. The other important business includes KK Electric Limited, SUI South Gas, Bo Punjab XD, World Call Telecom, Pak Ant. Bulk, Military Cement, Uttar Limited, and Pure Refinery.

In the futures market, 312 companies recorded trading, of which 228 increased, 79 declined and 5 changed.