Trading at the Pakistan Stock Exchange (PSX) ended on a positive note on Thursday, with both major indices recording significant gains on strong buying by investors.
According to the closing market data, the KSE-100 index closed at 181,398.22 points after gaining 887.19 points, while the KMI-30 index rose 1,632.68 points to reach 258,982.79 points.
This increase indicates that investor confidence remains intact and the trend of investment in large listed companies is strengthening.
What happened in the market today?
At the start of trading, the KSE-100 index was at 181,087 points. The buying trend prevailed throughout the day and the index reached a high of 181,869 points. Later, after minor fluctuations, the market closed at 181,398 points.
Similarly, the KMI-30 index, which shows the performance of Sharia-compliant companies, remained in the positive zone throughout the day and ended with a gain of about 0.63%.
Which sectors supported the market?
According to analysts, investor interest in power, fertilizer, oil and gas and industrial sectors determined the direction of the market.
The most positive role was played by Hub Power Company (HUBC), which added significant points in both the indices.
The prominent stocks that contributed positively in KSE-100 were:
- HUBC
- SRVI
- FFC
- ENGROH
- PPL
On the other hand, in KMI-30:
- HUBC
- ENGROH
- PPL
- FFC
- OGDC
played the most positive role.
Profit booking in some stocks
Although the overall trend remained positive, investors preferred profit booking in the shares of a few companies.
In KSE-100, BAHL, MARI, PSO, MTL and PSX had a negative impact on the index, while in KMI-30, MARI and PSO caused significant pressure.
According to experts, after the recent rally, some investors preferred to sell to lock in profits, which is considered a normal part of any healthy market.
Improved trading volume
Activity in the market was also strong. The volume of shares of companies affiliated to KSE-100 was around 445.72 million shares, while the trading volume of KMI-30 reached 206.69 million shares.
These figures show that investor interest is not limited to a few specific stocks but there is activity in various sectors of the market.
Why are investors optimistic?
Economists say that in recent weeks, improving economic indicators, reducing inflationary pressures, stabilizing foreign exchange reserves and increasing business confidence have supported the stock market.
Investors are now keeping a close eye on upcoming budget measures, economic reforms, corporate results and prospects for foreign investment.
Outstanding performance of the fiscal year
The KMI-30 index has given a profit of about 40.08 percent since the beginning of the fiscal year, while its performance has been positive by 4.20 percent since the beginning of the calendar year.
Similarly, the KSE-100 index has also shown significant growth during the current fiscal year, which reflects the growing confidence of investors in the Pakistani equity market.
Scenario for the coming days
According to market experts, if economic stability remains and government policies remain investment-friendly, the positive trend in the Pakistan Stock Exchange may continue.
However, investors will continue to keep an eye on global oil prices, geopolitical situation, interest rates and local economic decisions as these factors can determine the direction of the market in the coming days.
Overall, Thursday’s session proved to be encouraging for investors and the Pakistan Stock Exchange once again proved its progress on strong foundations.
