KSE-100 hits historic 120K milestone

April 04, 2025 (MLN): The benchmark KSE-100 Index soared past the 120,000 milestone for the first time in its history, trading at 120,698.93 [9:58 AM]—up by 1,760.82 points or 1.48% compared to yesterday’s close.

The index also clocked a record intra-day high of 120,793.41, gaining 1,855.30 points.

The market’s bullish sentiment was largely driven by the government’s decision to slash electricity prices, cooling inflation, and growing optimism around the IMF program — factors that together have painted a much-improved macro picture.

Prime Minister Shehbaz Sharif on Thursday announced a massive cut in power tariffs, reducing electricity prices by up to Rs7.69 per unit, pledging even more relief through structural reforms in the power sector.

At a ceremony unveiling the package, he highlighted that the average per-unit cost for domestic consumers had been slashed by Rs7.15 and for the industrial sector by Rs7.69 — a move expected to ease the cost burden across the economy.

Business leaders have welcomed the decision with open arms. “This will release financial pressure on consumers struggling with their electricity bills,” said representatives from the business community, echoing a sigh of relief.

M. Abdul Aleem, Secretary General of the Overseas Investors Chamber of Commerce and Industry (OICCI), remarked, “This is a good move despite rigid IMF conditionalities and limited fiscal space available to the government.”

Top gainers are UBL (+9.76%), EFUG (+8.15%), MEBL (+6.72%), HBL (+4.00%), and PIOC (+3.85%).

In terms of index-point contributions, companies that propped up the index were UBL (+691.33pts), MEBL (+251.58pts), HBL (+117.36pts), MCB (+117.23pts), and BAHL (+76.92pts).

Meanwhile, companies that dragged the index lower were PSO (-23.36pts), ENGROH (-17.55pts), OGDC (-14.06pts), POL (-10.86pts), and AGL (-10.08pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+1425.45pts), Cement (+126.67pts), Fertilizer (+107.93pts), Technology & Communication (+24.73pts), and Oil & Gas Exploration Companies (+22.15pts).

While the index was let down by Oil & Gas Marketing Companies (-29.02pts), Inv. Banks / Inv. Cos. / Securities Cos. (-17.39pts), Textile Composite (-9.71pts), Automobile Parts & Accessories (-4.51pts), and Cable & Electrical Goods (-3.62pts).

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