PSX Closing Bell: Bulls Run the Show

July 07, 2025 (MLN): The benchmark KSE-100 Index concluded Monday's trading session at an all-time high of 133,370.14, showing an increase of 1,421.08 points or 1.08%.

The index remained positive throughout the day showing an intraday high of 133,862.01 (+1,912.95) and a low of 132,467.12 (+518.06) points.

The total volume of the KSE-100 Index was 344.01 million shares.

This bullish momentum is driven by a favourable taxation regime for equities under the new federal budget, triggering a shift in investments from fixed income to stocks.

It is further supported by improved external financing, including a $3.4bn loan rollover from China, and a strong forex reserve position that reached $14.5bn by end-June 2025.

PSX resumed the new week on a strong footing, with the KSE-100 Index extending its winning streak to close at 133,370—up 1,421 points or 1.08%, Ali Najib, Deputy Head of Trading at Arif Habib Limited told Mettis Global.

The rally was fueled by improving macroeconomic indicators, including rising foreign exchange reserves, a stable rupee, and declining inflation, which bolstered investor confidence, he added.

Institutional buying remained robust, particularly in banking, fertilizer, cement, pharmaceutical, and energy stocks, amid growing optimism over monetary easing and expectations of strong corporate earnings in the upcoming results season, he noted.

He further mentioned that the market's positive tone reflects continued faith in Pakistan’s economic recovery and policy direction.

Of the 100 index companies 76 closed up, 24 closed down.

Top gainers during the day were BNWM (+10.01%), PSX (+10.00%), GADT (+10.00%), LCI (+10.00%), and SCBPL (+8.92%).

On the other hand, top losers were AICL (-3.82%), PTC (-2.71%), SRVI (-1.96%), PKGP (-1.91%), and FCEPL (-1.48%). 

In terms of index-point contributions, companies that propped up the index were HBL (+141.48pts), FFC (+99.95pts), BAFL (+86.16pts), MCB (+74.49pts), and LCI (+73.23pts).

Meanwhile, companies that dragged the index lower were AICL (-22.38pts), EFERT (-19.09pts), MARI (-18.55pts), SRVI (-17.27pts), and PKGP (-16.38pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+559.70pts), Pharmaceuticals (+166.11pts), Cement (+154.09pts), Fertilizer (+120.63pts), and Textile Composite (+88.55pts).

While the index was let down by Insurance (-19.14pts), Leather & Tanneries (-17.27pts), Refinery (-5.26pts), Miscellaneous (-3.05pts), and Engineering (-2.59pts). 

In the broader market, the All-Share Index closed at 83,081.15 with a net gain of 1,011.90 points or 1.23%.

Total market volume was 919.18 million shares compared to 733.08m from the previous session while traded value was recorded at Rs45.28 billion showing an increase of Rs10.34bn.

There were 445,066 trades reported in 477 companies with 297 closing up, 155 closing down, and 25 remaining unchanged.

To note, the KSE-100 has gained 7,743 points or 6.16% during the fiscal year, whereas it has increased 18,243 points or 15.85% so far this calendar year.

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