PSX Extends Gains as KSE-100 Climbs Over 450 Points
KARACHI, PAKISTAN — WEB DESK: The Pakistan Stock Exchange extended its positive momentum on Monday, with the benchmark KSE-100 Index gaining more than 450 points during morning trading as buying interest emerged across several major sectors.
At around 11:15am, the KSE-100 was trading at 171,350.38 points, up 465.80 points, or 0.27%, from the previous close of 170,884.59, according to intraday market reporting.
Buying was seen across automobile assemblers, cement producers, commercial banks, oil and gas exploration companies, oil marketing companies and refineries. Major stocks trading in positive territory included HUBCO, Mari Energies, OGDC, Pakistan Petroleum, Pakistan Oilfields, Pakistan State Oil, Sui Southern Gas, National Bank and United Bank.
Monday’s advance follows a strong recovery in the previous session. The KSE-100 gained 1,841.39 points, or 1.09%, on Friday to settle at 170,884.59 points. The benchmark traded between 169,400 and 171,037 during that session.
Banks were among the biggest drivers of Friday’s rally, contributing about 803 points, while cement stocks added 266 points, fertiliser companies 257 points, exploration and production stocks 129 points and power companies 80 points, according to market commentary cited by The Express Tribune.
Overall trading volume on Friday reached approximately 576 million shares, with traded value at around Rs22.4 billion. Of 496 companies traded, 351 advanced, 110 declined and 35 remained unchanged.
Despite the recent rebound, investors continue to navigate substantial volatility linked to Middle East tensions and international oil prices.
The KSE-100 ended the week to September 18 only 372.73 points, or 0.22%, higher at 170,884.59, despite significant swings during individual sessions. Higher global crude prices and concerns about regional energy supplies remained major influences on sentiment.
Pakistan’s dependence on imported energy makes movements in international crude particularly significant for equities because sustained high oil prices can increase the country’s import bill, inflationary pressure and corporate operating costs.
The market has nevertheless received support from improving external indicators and selective buying after recent declines. Pakistan’s current account deficit narrowed to $98 million in August, while State Bank-held foreign exchange reserves increased during the previous week, according to market reporting.
Monday’s figures remain intraday readings rather than closing data. The final KSE-100 level, total turnover, market breadth and leading contributors may change substantially before the trading session ends.
