PSX rebounds, KSE-100 index gains over 1% in early trade

April 08, 2025 (MLN): In a welcome reversal from the widespread volatility seen in Asian markets overnight, Pakistan’s stock market also clawed back some ground this morning as the benchmark KSE-100 index witnessed a jump of 1,446.31 points or 1.26% at 9:35 AM right after opening. 

This indicates that value hunters remain optimistic despite global headwinds.

Traders at the PSX are reportedly reacting to domestic cues and the prospect of economic initiatives aimed at cushioning against external shocks.

“In times of global uncertainty, local factors sometimes offer a stabilizing counterbalance,” said a market expert. “The PSX’s rebound today demonstrates that investors are beginning to regain confidence amid the fallout from escalating trade tensions abroad.”

Top gainers are POML (+4.64%), JVDC (+3.93%), SRVI (+3.82%), YOUW (+3.78%), and PSX (+3.42%).

On the other hand, top losers are PSEL (-7.84%), PGLC (-6.66%), MEHT (-6.32%), GHGL (-4.94%), and PKGP (-3.74%).

In terms of index-point contributions, companies that propped up the index were MARI (+160.80pts), HUBC (+99.40pts), ENGROH (+71.14pts), LUCK (+67.00pts), and PPL (+66.15pts).

Meanwhile, companies that dragged the index lower were PSEL (-62.72pts), NPL (-1.82pts), TGL (-1.75pts), KTML (-1.18pts), and UBL (-0.48pts).

Sector-wise, KSE-100 Index was supported by Oil & Gas Exploration Companies (+310.09pts), Commercial Banks (+285.86pts), Cement (+145.16pts), Fertilizer (+122.88pts), and Power Generation & Distribution (+109.24pts).

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