PSX Opening Bell: Bulls Charge Out of the Gate

July 02, 2026 (MLN): The Pakistan Stock Exchange (PSX) opened Thursday's session on a strong note, with the benchmark KSE-100 Index surging more than 1,550 points in early trade as improving investor sentiment, easing geopolitical tensions in the Middle East and continued buying in heavyweight banking stocks lifted the market.

As of 9:37am, the benchmark KSE-100 Index was trading at 185,602.84, up 1,552.74 points or 0.84% from the previous close.

The index remained firmly in positive territory in the start of the morning session, touching an intraday high of 185,665.46, up 1,615.36 points.

Investor sentiment remained upbeat as oil prices declined on Thursday following easing concerns over potential supply disruptions in the Middle East and signs of progress in indirect U.S.-Iran negotiations, reducing geopolitical risk and improving appetite for equities.

The positive global backdrop, coupled with continued institutional buying in banking and blue-chip stocks after the market's recent record-setting rally, supported broad-based gains.

The KSE-100 Index traded a total volume of 13.18 million shares during the opening session.

Of the 100 index companies, 74 traded higher.

Among the top gainers, AKBL rose 3.11%, followed by UBL (2.55%), MEHT (2.49%), PKGS (2.37%) and PTC (2.32%).

In terms of index-point contribution, UBL led the advance by adding 378.19 points, followed by LUCK (102.48 points), HBL (83.08 points), FFC (78.89 points) and MEBL (69.76 points).

Sector-wise, the market was supported by Commercial Banks (+757.98 points), Cement (+206.01 points), Fertilizer (+110.46 points), Oil & Gas Exploration Companies (+109.39 points) and Technology & Communication (+65.56 points).

Copyright Mettis Link News