PSX Intra Day: Sky's the Limit

June 27, 2025 (MLN): The benchmark KSE-100 Index is trading positively on Friday, reaching an intraday high of 123,451.99 at 11:40 AM, up by 1,405.53 points or 1.15%.

The total volume of the KSE-100 Index was 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 incorporating several amendments to the Finance Bill 2026, included key revisions aimed at fiscal reform and revenue generation.

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

Additionally, the revised income tax structure offered 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 bolstered by continued support from overseas Pakistanis through the Roshan Digital Account (RDA).

From September 2020 to May 2025, total RDA inflows reached $10.38 billion.

In May alone, inflows rose 13% month-on-month to $201m, while the number of digital accounts increased to 823,224, signaling strong and sustained 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.

Top gainers were TRG (+7.66%), PABC (+6.13%), SAZEW (+4.06%), KEL (+3.75%), and PSEL (+3.65%).

On the other hand, top losers were IBFL (-3.31%), FHAM (-2.94%), HGFA (-2.74%), BNWM (-2.63%), and PKGP (-2.32%).

In terms of index-point contributions, companies that propped up the index were FFC (+185.14pts), ENGROH (+104.93pts), LUCK (+103.20pts), HUBC (+86.82pts), and POL (+80.68pts).

Meanwhile, companies that dragged the index lower were PKGP (-17.02pts), TPLRF1 (-9.71pts), PKGS (-6.86pts), IBFL (-5.81pts), and ILP (-5.61pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+304.41pts), Fertilizer (+218.21pts), Oil & Gas Exploration Companies (+212.80pts), Cement (+169.35pts), and Inv. Banks / Inv. Cos. / Securities Cos. (+117.00pts).

While the index was let down by Real Estate Investment Trust (-8.77pts), Paper, Board & Packaging (-6.86pts), Synthetic & Rayon (-5.81pts), Leather & Tanneries (-4.70pts), and Automobile Parts & Accessories (-2.83pts).

In the broader market, the All-Share Index are at 77,196.56 with a net gain of 893.35 points or 1.17%.

Total market volume was 356.43 million shares compared to 595.01m from the previous session while traded value was recorded at Rs13.24 billion showing a decrease of Rs10.24bn.

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