PSX Mid-Day: Bulls Take the Wheel

July 17, 2025 (MLN): The bulls took charge at the Pakistan Stock Exchange on Thursday as the benchmark KSE-100 Index surged by 1,566 points to trade at 137,946.29 by mid-day, marking a gain of 1.15%.

Staying in the green throughout the morning session, the index hit an intraday high of 138,133.37, up by over 1,753 points, while the day’s low stood at 136,674.98.

With a total volume of 131.84 million shares, the session reflected cautious optimism rather than full-blown exuberance.

The uptick came on the back of improving investor sentiment after the government formed a high-level committee to resolve mounting concerns over newly imposed taxes.

Adding to the momentum was Finance Minister Muhammad Aurangzeb’s recent briefing to Moody’s, where he mentioned easing inflation, stable reserves, and better external flows as signs of macroeconomic stability, which fueled hopes of a credit rating upgrade.

Top gainers by mid-day were PSEL (+10.00%), ABL (+5.65%), PIBTL (+4.64%), KTML (+4.07%), and PKGP (+3.67%).

Meanwhile, the top losers at mid-session included MEHT (-3.69%), POML (-3.48%), BNWM (-2.91%), GADT (-1.71%), and JVDC (-1.42%). 

In terms of index-point contributions, companies that propped up the index were UBL (+223.04pts), HBL (+145.78pts), EFERT (+139.47pts), HUBC (+134.64pts), and FFC (+132.88pts).

Meanwhile, companies that dragged the index lower were MEHT (-11.14pts), COLG (-6.98pts), JVDC (-5.80pts), CHCC (-5.42pts), and THALL (-5.41pts).

Sector-wise, during midday trading, the KSE-100 Index was supported by Commercial Banks (+557.87 pts), Fertilizer (+270.21 pts), Power Generation & Distribution (+171.52 pts), Investment Banks / Companies / Securities Companies (+95.55 pts), and Miscellaneous (+87.16 pts).

On the flip side, the index faced downward pressure from Property (-5.80 pts), Automobile Parts & Accessories (-5.41 pts), Tobacco (-3.38 pts), Textile Spinning (-2.48 pts), and Vanaspati & Allied Industries (-0.86 pts).

In the broader market, the All-Share Index was hovering at 85,473.61 by mid-day, posting a gain of 825.26 points or 0.97%.

Total market volume by mid-session stood at 327.29m shares, down from 705.96m in the previous session, while the traded value was recorded at Rs16.04bn, reflecting a decline of Rs16.14bn.

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