PSX Closing Bell: Bulls Ring the Bell

July 01, 2026 (MLN): The Pakistan Stock Exchange (PSX) extended its bullish momentum on Wednesday, with the benchmark KSE-100 Index soaring nearly 3,750 points as aggressive institutional buying in heavyweight banking stocks, strong investor confidence and continued optimism over the country's macroeconomic outlook powered the market to fresh record highs.

The benchmark KSE-100 Index settled at 184,050.10, gaining 3,748.40 points or 2.08% from the previous close.

The index remained firmly in positive territory throughout the trading session, touching an intraday high of 184,233.57, up 3,931.87 points, while the day's low stood at 180,565.83, still 264.13 points above the previous close.

Investor sentiment remained exceptionally strong as heavy buying emerged in the banking sector amid expectations of robust earnings, attractive valuations and sustained foreign and institutional interest.

Optimism over Pakistan's improving economic outlook, easing macroeconomic risks and expectations of stronger corporate profitability also encouraged broad-based buying across key sectors, driving the benchmark index to another record close.

The KSE-100 Index traded a total volume of 472.43 million shares during the session.

Market breadth remained positive, with 67 index companies closing higher, while 33 ended lower.

Among the top gainers, PTC surged 10.00%, followed by HGFA (9.83%), BAFL (8.35%), UBL (7.16%) and MEBL (7.16%).

On the losing side, PSX fell 3.48%, THALL declined 3.13%, KOHC lost 2.72%, FATIMA slipped 2.53%, while KEL eased 2.46%.

In terms of index-point contribution, UBL led the rally by adding 982.50 points, followed by MEBL (582.18 points), HBL (312.65 points), MCB (309.33 points) and BAHL (243.36 points).

Meanwhile, the biggest drags on the benchmark were FATIMA (-46.04 points), FFC (-36.25 points), PSX (-31.44 points), KOHC (-24.11 points) and THALL (-22.93 points).

Sector-wise, the market received overwhelming support from Commercial Banks (+2,989.72 points), Technology & Communication (+233.85 points), Investment Banks/Investment Companies/Securities Companies (+183.13 points), Cement (+119.16 points) and Automobile Assemblers (+43.41 points).

On the other hand, Fertilizer (-54.70 points), Power Generation & Distribution (-31.39 points), Automobile Parts & Accessories (-22.93 points), Miscellaneous (-17.77 points) and Paper, Board & Packaging (-9.25 points) limited the overall advance.

In the broader market, the All-Share Index closed at 110,789.82, gaining 1,850.99 points or 1.70%.

Overall market activity strengthened considerably, with total traded volume rising to 941.48 million shares from 703.69 million in the previous session, while traded value jumped by Rs18.28 billion to Rs57.09 billion.

A total of 505,560 trades were recorded across 490 companies, with 297 stocks closing higher, 171 lower and 22 remaining unchanged.

To note, the KSE-100 has gained 3,748 points or 2.08% during the fiscal year, whereas it has increased 9,996 points or 5.74% so far this calendar year.

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