Market Performance
- The KSE-100 Index gained 253.96 points, marking a 0.22% increase, and closed at 113,342.44 points compared to the previous day’s close of 113,088.48 points.
- A total of 667.719 million shares were traded, with a traded value of Rs25.734 billion, showing an increase from the previous day’s 545 million shares and Rs20.741 billion.
Key Drivers
- The bullish trend was supported by better-than-expected corporate results, which boosted investor confidence and led to fresh buying across multiple sectors.
- Major contributors to the index’s rise included FFC, BAHL, MTL, SYS, and KOHC, which collectively added 433 points. However, UBL, LUCK, HUBC, HBL, PPL, and OGDC weighed on the market, subtracting 619 points.
Sector and Company Highlights
- Top Gainers:
- Sapphire Fibres Limited saw the highest increase of Rs59.03 per share, closing at Rs1,098.99.
- Unilever Pakistan Foods Limited rose by Rs41.96 per share, closing at Rs23,387.51.
- Top Losers:
- Lucky Cement Limited experienced the largest decline of Rs57.48 per share, closing at Rs1,402.17.
- Blessed Textile Limited fell by Rs30.39 per share, closing at Rs313.73.
- Top Traded Companies:
- K-Electric Limited led with 180.89 million shares traded at Rs4.88 per share.
- Bank of Punjab and Fauji Cement followed with 53.76 million and 38.11 million shares traded, respectively.
Market Sentiment
- Analysts attributed the positive momentum to improved investor sentiment driven by strong corporate earnings and macroeconomic stability.
- The PSX CEO expressed optimism about foreign investments in 2025, citing government reforms and enhanced market infrastructure as key factors attracting investors.
Comparative Context
- The market has shown resilience, with the KSE-100 Index maintaining an upward trajectory since the start of 2025, supported by monetary easing and economic reforms.
- Earlier in the month, the index had surged by 1,055 points on February 10, driven by strong earnings and positive responses to the Zarea IPO.
Conclusion
The PSX continues to reflect a bullish trend, supported by strong corporate performance and investor confidence. While some sectors faced declines, the overall market outlook remains positive, with expectations of sustained growth in 2025.