Opening Bell: Morning Glory Rally

April 14, 2026 (MLN): Stocks at the Pakistan Stock Exchange (PSX) kicked off Tuesday’s session on a strong footing, with the benchmark KSE-100 Index witnessing a robust surge at the opening bell, reflecting renewed investor confidence.

At 9:35 am, during early trading, the KSE-100 Index climbed to 164,238.41, registering a gain of 3,647.08 points or 2.27%.

The index maintained a firm positive trajectory throughout the session so far, hitting an intraday high of 164,373.91 (+3,782.58 points) and a low of 163,416.54 (+2,825.21 points), indicating sustained buying momentum.

Market activity, however, remained relatively subdued, with total traded volume in the KSE-100 Index recorded at 17.65 million shares.

Out of the 100 index companies, 84 were trading in the green, 2 in the red, while 14 remained untraded, highlighting broad-based bullish sentiment across the board.

The top gainers, TGL (+5.27%), BOP (+4.90%), FCCL (+4.87%), PSX (+4.85%), and SSGC (+4.57%) led the rally. On the flip side, THALL (-5.56%), BNWM (-4.18%), SHFA (-2.86%), PKGS (-2.58%), and GADT (-2.33%) were among the laggards.

In terms of index-point contribution, the upward momentum was primarily driven by FFC (+373.20 points), UBL (+303.27 points), ENGROH (+207.88 points), LUCK (+195.56 points), and HBL (+167.13 points).

Meanwhile, minor drag came from PKGS (-17.80 points) and RMPL (-3.92 points), with limited impact from other stocks.

Sector-wise, the rally was led by Commercial Banks (+1,113.23 points), Fertilizer (+507.25 points), Cement (+472.07 points), Oil & Gas Exploration Companies (+343.97 points), and Investment Banks/Companies/Securities Firms (+235.31 points).

Slight pressure was observed in Paper, Board & Packaging, while other sectors showed minimal movement.

In the broader market, the All-Share Index also opened higher, standing at 97,914.22, up by 1,941.49 points or 2.02%.

Oil prices eased in early trade as markets weighed escalating U.S. Iran tensions against uncertain diplomatic progress, with traders balancing supply disruption risks from the Strait of Hormuz against hopes of continued negotiations.

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