The benchmark index settled at 149,971 points compared to 148,617 points from the previous session, showing a 0.91 percent rise. This sudden surge brought optimism back to investors who were watching the market’s every move.
During the trading day, over 1.18 billion shares were exchanged, slightly lower than the 1.34 billion traded in the previous session. The total value of shares stood at Rs48,849,000,000 compared to Rs52,305,000,000 a day earlier.
Out of 480 companies that participated, 272 closed with gains, 175 faced losses, while 33 remained unchanged.
Among the most active stocks were Bank of Punjab with 97,697,793 shares traded at Rs16.58 per share, K-Electric Limited with 85,903,125 shares at Rs5.43 per share, and Pervez Ahmed Co. with 54,520,834 shares at Rs3.04 per share.
Big winners of the day included PAI Holding Company Limited, which jumped by Rs301 to close at Rs27,300, followed by Hoechst Pakistan Limited, rising by Rs216.81 to reach Rs4,026.63.
On the losing side, Unilever Pakistan Foods Limited plunged by Rs920.32 to close at Rs32,701, while Nestle Pakistan Limited fell by Rs77.20 to Rs8,439.18.
In the futures market, 328 companies were traded, out of which 236 gained, 90 lost, and 2 remained unchanged, reflecting broad-based bullish momentum.
The strong bullish momentum at PSX signals renewed investor confidence. The near-touch of the 150,000 milestone reflects improving sentiment, possibly driven by expectations of economic stability, foreign inflows, or supportive policy decisions.
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However, the sharp volatility—where some stocks like Unilever fell drastically—shows that risks remain. If the index breaks the 150,000 level in the coming sessions, it could trigger further buying. On the other hand, profit-taking pressure may test investor nerves.
This tug-of-war between optimism and caution will define the market’s next move, making PSX a hotspot for traders and analysts alike.
