Islamabad, Feb 12: The Pakistan Stock Exchange (PSX) continued its bullish momentum on Tuesday, with the benchmark KSE-100 Index surging by 1,632.41 points, marking a 1.47% increase. The index closed at 113,010.38 points, up from the previous session’s 111,377.97 points. According to Topline Securities, the positive sentiment stemmed from reduced selling pressure by local institutions, as reflected in NCCPL data. Additionally, strong corporate earnings exceeded expectations, boosting investor confidence and driving fresh buying across key sectors.
Trading activity witnessed a significant uptick, with 486.93 million shares exchanged compared to 415.16 million shares in the previous session. The total market turnover stood at Rs. 30.38 billion, up from Rs. 23.95 billion in the prior session, indicating heightened investor participation.
A total of 447 companies traded their shares during the session, with 264 posting gains, 117 incurring losses, and 66 remaining unchanged. The top three actively traded stocks included Bank of Punjab, which led with 59.15 million shares at Rs. 10.83 per share, followed by WorldCall Telecom with 30.02 million shares at Rs. 1.56 per share, and Citi Pharma Limited, which traded 21.95 million shares at Rs. 106.56 per share.
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In terms of individual stock performance, Unilever Pakistan Foods Limited recorded the highest gain of Rs. 183.14 per share, closing at Rs. 23,415.42. Sapphire Textile Mills Limited followed, with an increase of Rs. 34.32 per share, closing at Rs. 1,200.00.
Conversely, Rafhan Maize Products Company Limited experienced the most significant decline, with its share price dropping by Rs. 124.95 to close at Rs. 9,365.05. Philip Morris (Pakistan) Limited also saw a decrease, shedding Rs. 20.87 per share to settle at Rs. 661.61.
The robust performance of PSX reflects growing investor optimism driven by improving economic indicators and favorable corporate earnings. Market analysts anticipate continued positive momentum, provided external factors remain stable and institutional participation sustains current levels. Investors are advised to monitor key market trends and sector-specific developments to capitalize on emerging opportunities in the stock market.
