PSX Closing Bell: Riding the Bull

June 27, 2025 (MLN): The benchmark KSE-100 Index concluded Friday's trading session at 124,379.06, showing an increase of 2,332.60 points or 1.91%.

The index remained positive throughout the day, showing an intraday high of 125,285.05 (+3,238.59) and a low of 122,222.69 (+176.23) points.

The total volume of the KSE-100 Index was 220.30 million shares.

Earlier in the day, at 11:40 AM, the index was trading at 123,451.99, up by 1,405.53 points or 1.15%, with a volume of 64.55 million shares.

This bullish momentum was largely driven by investor optimism following the National Assembly’s approval of the federal budget for FY2025–26 on Thursday.

The Rs17.57 trillion budget, passed after several amendments to the Finance Bill 2026, includes key fiscal reforms and revenue-generating measures.

Among the notable changes, Finance Minister Muhammad Aurangzeb introduced amendments to the Sales Tax Act, empowering the finance committee to authorize arrests in cases of tax fraud exceeding Rs50m.

The revised income tax structure also brought clarity for salaried individuals: incomes up to Rs600,000 remain exempt, while those between Rs600,000 and Rs1.2m will be taxed at 1%.

Fixed slabs apply to higher income brackets, with tax amounts scaling up to Rs346,000 for incomes between Rs3.2m and Rs4.1m.

Investor confidence was further strengthened by sustained support from overseas Pakistanis through the Roshan Digital Account (RDA).

Total RDA inflows from September 2020 to May 2025 reached $10.38 billion.

In May alone, inflows rose 13% month-on-month to $201m, with the number of digital accounts increasing to 823,224—indicating strong diaspora engagement.

Speaking to Mettis Global, Ali Najib, Deputy Head of Trading at Arif Habib Limited, said that the PSX had a strong momentum since morning, courtesy of likely institutionally driven buying ahead of the FY26 re-allocation towards equities.

In addition, yesterday's National Assembly budget approval was also taken positively by the investor community.

Investor confidence was further lifted by strong Roshan Digital Account (RDA) inflows, he added. 

However, profit taking cannot be ruled out due to last day of week as usually short term traders come to square their weekly position in the last weekly hours, he anticipated.

 Of the 100 index companies 86 closed up, 11 closed down, while 3 were unchanged.

Top gainers during the day were TRG (+10.00%), BNWM (+8.98%), YOUW (+6.59%), POL (+6.06%), and SRVI (+5.94%).

On the other hand, top losers were PSEL (-8.30%), FHAM (-1.84%), NATF (-1.76%), ISL (-0.80%), and CNERGY (-0.56%).

In terms of index-point contributions, companies that propped up the index were FFC (+241.00pts), LUCK (+214.73pts), MEBL (+142.84pts), POL (+141.65pts), and ENGROH (+125.32pts).

Meanwhile, companies that dragged the index lower were PSEL (-57.51pts), NATF (-11.50pts), ISL (-3.51pts), PSO (-3.18pts), and CNERGY (-1.84pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+552.48pts), Fertilizer (+376.90pts), Cement (+360.47pts), Oil & Gas Exploration Companies (+347.17pts), and Inv. Banks / Inv. Cos. / Securities Cos. (+133.20pts).

While the index was let down by Miscellaneous (-35.59pts), Modarabas (-1.42pts), and Leasing Companies (+0.06pts).

In the broader market, the All-Share Index closed at 77,679.81 with a net gain of 1,376.60 points or 1.80%.

Total market volume was 773.33m shares compared to 595.01m from the previous session while traded value was recorded at Rs37.56 billion showing an increase of Rs14.07bn.

There were 355,933 trades reported in 484 companies with 334 closing up, 116 closing down, and 34 remaining unchanged.

Copyright Mettis Link News