PSX Closing Bell: You Are the Reason

May 02, 2025 (MLN): The Pakistan Stock Exchange (PSX) witnessed a strong rebound today, as the benchmark KSE-100 gained 2,787.36 points, or 2.50%, to close the session at 114,113.93, with investor sentiment improving amid signs of easing regional tensions.

Market participants responded positively to reports suggesting a de-escalation between India and Pakistan, following recent diplomatic efforts by global powers to reduce hostilities. The absence of any military action from either side further boosted confidence.

Additionally, anticipation surrounding Pakistan’s upcoming IMF board approval, set for May 9, has added to the cautious optimism. 

The index remained positive throughout the day showing an intraday high of 114,546.87 (+3,220.30) and a low of 112,820.07 (+1,493.50) points.

The total volume of the KSE-100 Index was 191.97 million shares.

Of the 100 index companies 88 closed up, 10 closed down, while 2 were unchanged.

Top gainers during the day were POML (+10.00%), AICL (+9.74%), PGLC (+8.59%), UBL (+8.03%), and AKBL (+7.66%).

On the other hand, top losers were AGP (-3.50%), PAKT (-2.52%), IBFL (-2.33%), UPFL (-1.97%), and NATF (-1.67%).

In terms of index-point contributions, companies that propped up the index were UBL (+539.13pts), EFERT (+157.15pts), HUBC (+139.02pts), LUCK (+138.89pts), and MEBL (+134.64pts).

Meanwhile, companies that dragged the index lower were AGP (-18.20pts), PAKT (-12.57pts), PSEL (-11.91pts), SNGP (-9.01pts), and NATF (-7.88pts).

Sector-wise, KSE-100 Index was supported by Commercial Banks (+1190.35pts), Cement (+364.50pts), Oil & Gas Exploration Companies (+249.80pts), Fertilizer (+216.38pts), and Power Generation & Distribution (+161.38pts).

While the index was let down by Tobacco (-12.57pts), Synthetic & Rayon (-4.22pts), Miscellaneous (-3.33pts), Sugar & Allied Industries (+0.04pts), and Modarabas (+0.06pts).

In the broader market, the All-Share Index closed at 70,939.74 with a net gain of 1,516.25 points or 2.18%.

Total market volume was 372.36 million shares compared to 490.95m from the previous session while traded value was recorded at Rs23.29 billion showing a decrease of Rs7.84bn.

There were 241,689 trades reported in 445 companies with 331 closing up, 63 closing down, and 51 remaining unchanged.

To note, the KSE-100 has gained 35,669 points or 45.47% during the fiscal year, whereas it has decreased 1,013 points or 0.88% so far this calendar year.

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