ISLAMABAD: Buying momentum persisted at the Pakistan Stock Exchange (PSX) on Tuesday, with the benchmark KSE-100 gaining over 1,600 points before closing.
At close, the benchmark settled at 113,010.38, an increase of 1,632.42 points or 1.47%.
Buying was observed in key sectors including cement, chemical, commercial banks, fertilizer, oil and gas exploration companies, OMCs, refinery, and power generation. Index-heavy stocks including HUBCO, PSO, SHEL, OGDC, POL, PPL, EFERT, HBL, NBP and UBL.
Overall, 486,935,003 shares were entertained during the day as compared to 415,160,931 shares the last working day, whereas the price of shares stood at Rs 30.381 billion against Rs 23.947 billion on the previous trading day.
As many as 447 companies transacted their shares in the stock market, 264 of them registered gains, and 117 met losses, whereas the share price of 66 companies remained unchanged.
The three top trading companies were Bank of Punjab with 59,148,179 shares at Rs 10.83 per share, followed by WorldCall Telecom with 30,022,192 shares at Rs 1.56 per share, whereas Citi Pharma Limited settled with 21,953,013 shares at Rs 106.56 per share.
Unilever Pakistan Foods Limited recorded a maximum increase of Rs 183.14 per share, closing at Rs 23,415.42, whereas Sapphire Textile Mills Limited was the runner-up with Rs 34.32 rise in its share price to close at Rs 1,200.00.
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 124.95 per share price, closing at Rs 9,365.05, whereas the runner-up was Philip Morris (Pakistan) Limited with a fall of Rs 20.87 in its per share price to Rs 661.61.
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On Monday, the bullish trend was observed, with the benchmark KSE-100 Index closing with a gain of over 1,000 points to settle at 111,377.96.
Gold hit a record high globally, the US dollar remained strong, and Hong Kong stocks rose to a four-month high on Tuesday as investors reacted to changes in US trade policy and awaited comments from Federal Reserve Chair Jerome Powell on tariffs and inflation.
Hong Kong’s Hang Seng Index has surged over 12% in the past month, fuelled by the Trump administration’s shifting stance on tariffs.
Donald Trump’s administration has threatened, then suspended, blanket tariffs on Canada and Mexico – seemingly confirming investor assumptions that everything is negotiable.
On Monday, Trump also removed tariffs on steel and aluminium imports, which boosted the stock prices of U.S. steelmakers.
