PSX Gains Momentum as Institutional Support Lifts Market
The PSX gains momentum as the KSE-100 index posts a sharp rise on Thursday. The market showed strong energy after days of slow movement. Investors welcomed the sudden shift in tone.
The index jumped almost 2,200 points during the session. It even touched an intra day high of more than 2,400 points. As a result, overall confidence improved despite ongoing economic and geopolitical concerns.
By closing time, the benchmark index gained 2,184.78 points. It settled at 165,373.31 and marked a strong comeback. Brokers noted broad based buying from local institutions throughout the day.
Topline Securities said steady domestic interest supported the rally. It added that the banking sector played a major role. For example, Meezan Bank, HBL, UBL and MCB all closed higher with healthy activity.
Sector Support
Investors also showed strong interest in exploration and production stocks. OGDC and PPL remained firm and finished in the green. In addition, index heavyweights such as Lucky Cement and Engro added further strength. Together, major stocks contributed around 942 points.
Arif Habib Limited shared similar views. It noted that the index finally crossed the 164,000 mark. The market rose 1.34% day on day as 75 stocks advanced while only 21 declined. However, Pioneer Cement and PTCL acted as minor drags.
AHL also highlighted easing inflation trends. November inflation is expected at 6.2% year.on year. Average inflation for 5MFY26 may settle near 5%, which is lower than last year’s 7.9%. This trend supported overall sentiment.
There were also positive economic updates. Pakistan and its partners prepared to secure $3.5 billion in funding for the Reko Diq project. In addition, the Sindh government approved a partnership with China’s ADM Group to set up more than 600 EV charging stations.
As the week nears its end, the index remains up 2.02% week on week. Analysts expect the 164,000 level to act as a key support zone.
Muhammad Hasan Ather of JS Global said buying momentum stayed firm. He added that the rally could continue if liquidity and macro stability hold. However, any renewed pressure may create volatility.
Total trading volumes reached 498.4 million shares. Of 484 companies traded, 289 closed higher. Dost Steels led volumes with 48.4 million shares. Meanwhile, foreign investors sold shares worth Rs1.8 billion.
