Bulls Remain in Control as PSX Gains Over 1,600 Points  

The Pakistan Stock Exchange (PSX) 100-Index exhibited a strong bullish trend on Tuesday, marking a significant gain of 1,632.41 points, which translates to a positive change of 1.47%.

The benchmark index closed at 113,010.38 points, compared to 111,377.97 points on the previous trading session. This substantial upward movement reflects renewed investor confidence, fueled by multiple key factors.

The PSX saw a surge in trading volume, with a total of 486,935,003 shares exchanged during the day, a notable increase from 415,160,931 shares traded on the previous day.

Similarly, the total market turnover jumped to Rs. 30.381 billion, up from Rs. 23.947 billion, reflecting a sharp increase in investor participation.

Trading Volume and Market Turnover

A total of 447 companies participated in the stock market session, out of which 264 companies recorded gains, 117 companies sustained losses, while the share prices of 66 companies remained unchanged.

Among the most actively traded stocks, the top three trading companies were:

1. Bank of Punjab (BOP) – 59,148,179 shares traded at Rs. 10.83 per share
2. WorldCall Telecom (WTL) – 30,022,192 shares traded at Rs. 1.56 per share
3. Citi Pharma Limited (CPL) – 21,953,013 shares traded at Rs. 106.56 per share

These stocks dominated market activity, attracting significant investor interest due to their strong fundamentals and sectoral positioning.

Top Gainers

• Unilever Pakistan Foods Limited witnessed the highest increase in share price, gaining Rs. 183.14 per share, closing at Rs. 23,415.42.
• Sapphire Textile Mills Limited also posted impressive gains, with its share price rising Rs. 34.32, closing at Rs. 1,200.00.

Top Losers

• Rafhan Maize Products Company Limited recorded the biggest loss, with its share price dropping by Rs. 124.95, closing at Rs. 9,365.05.
• Philip Morris (Pakistan) Limited followed with a decline of Rs. 20.87 per share, settling at Rs. 661.61.

Sectoral Performance and Market Outlook

The banking sector remained a key driver of the PSX rally, with stocks such as Bank of Punjab (BOP), Meezan Bank (MEBL), and United Bank Limited (UBL) attracting strong buying interest.

Tech stocks saw a strong rally, led by Systems Limited (SYS) and TRG Pakistan Limited. The growing demand for digital services and expansion in IT exports contributed to heightened investor interest in technology-related companies.

The oil & gas exploration sector also performed well, benefiting from rising global crude oil prices and positive exploration results.

Stocks such as Oil & Gas Development Company (OGDC) and Pakistan Petroleum Limited (PPL) posted gains, contributing to the broader market momentum.

The textile sector, supported by strong export numbers and government incentives, continued to draw investor interest. Stocks such as Nishat Mills Limited (NML) and Gul Ahmed Textile Mills Limited (GATM) registered notable gains.