Market Performance
- The KSE-100 Index closed at 113,500.12 points, gaining 157.68 points (a 0.14% increase) compared to the previous day’s close of 113,342.44 points.
- The total trading volume was 712.45 million shares, with a traded value of Rs26.89 billion, showing an increase from the previous day’s volume of 667.719 million shares and value of Rs25.734 billion.
Key Drivers
- The market remained bullish, supported by positive corporate earnings and improved investor sentiment.
- Key contributors to the index’s rise included FFC, ENGRO, PSO, and MEBL, which collectively added 245 points. However, UBL, LUCK, and HBL weighed on the market, subtracting 128 points.
Sector and Company Highlights
- Top Gainers:
- Sapphire Fibres Limited rose by Rs62.50 per share, closing at Rs1,161.49.
- Unilever Pakistan Foods Limited increased by Rs44.20 per share, closing at Rs23,431.71.
- Top Losers:
- Lucky Cement Limited declined by Rs60.25 per share, closing at Rs1,341.92.
- Blessed Textile Limited fell by Rs32.10 per share, closing at Rs281.63.
- Top Traded Stocks:
- K-Electric Limited (KEL) led with 195.23 million shares traded at Rs4.95 per share.
- Bank of Punjab (BOP) followed with 58.12 million shares traded at Rs13.10 per share.
- Fauji Cement (FCCL) saw 40.05 million shares traded at Rs41.20 per share.
Market Sentiment
- The market continued to show resilience, driven by strong corporate results and optimism around economic reforms.
- Analysts noted that foreign investor interest remained steady, contributing to the positive momentum.
Conclusion
The PSX maintained its upward trajectory on February 20, 2025, with the KSE-100 Index posting modest gains. The market outlook remains positive, supported by strong earnings and investor confidence.