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PSX Stages Huge Comeback On SBP News

The Pakistan Stock Exchange (PSX) witnessed a robust recovery on Monday, with the benchmark KSE-100 Index rebounding sharply after last week’s weakness.

The recovery followed a challenging week in which the KSE-100 Index declined by approximately 2.7%, primarily due to heightened geopolitical tensions in the Middle East, volatility in international oil prices, and investor caution ahead of Pakistan’s monetary policy announcement.

The index settled at 178,262.33 points, registering a gain of 7,241.13 points (+4.23 percent), as broad-based buying and improved investor sentiment fueled a strong market-wide rally.

With these concerns partially easing, investors took advantage of attractive valuations, leading to renewed buying interest across key sectors and a broad-based market rebound.

On the index contribution front, UBL, FFC, ENGROH, MEBL, and LUCK emerged as the leading performers, collectively contributing approximately 2,546 points to the benchmark index.

SCRIP PRICE HIGH LOW CHANGE VOLUME
WTL 1.26 1.38 1.24 0.03 135,860,213
TSBL 2.6 2.7 2.26 0.36 92,629,988
CNERGY 10.76 10.99 10.59 0.47 81,338,112
KEL 7.47 7.58 7.26 0.33 59,231,062
TPLP 13.18 13.5 12.98 0.21 55,234,210
BOP 34.61 34.73 33.71 1.97 34,964,351
MDTL 6.15 6.9 6.1 -0.23 28,843,959

Their strong performance underscored the leadership of heavyweight stocks in driving the market’s upward momentum.

Market participation remained strong, with a total traded volume of 1.032 billion shares and a traded value of approximately Rs. 41.01 billion.

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