KSE-100 Closes Near 173,000 as Banking and Fertilizer Stocks Rise

Karachi – ​It was a successful day for investors at the Pakistan Stock Exchange as the KSE-100 index gained nearly 1,200 points in a single session. Closing at 172,894.28, the index moved closer to the important 173,000 level.

Throughout the day, the market fluctuated between a high of 173,274.54 and a low of 171,541.04, but the bulls remained in control for most of the trading hours. This 0.69% jump is driven by strong buying in large sectors like banking and fertilizers. UBL was the biggest “puller” of the day, helping the index rise significantly.

On the other hand, HUBC was the biggest “dragger,” taking away about 100 points from the index. Despite some selling in the power and banking sectors, the high trading volume of over 429 million shares shows that there is plenty of liquidity in the market.

For the average observer, this performance suggests that big industrial and financial players are seeing positive growth. While the Calendar Year to Date (CYTD) figure is slightly down at -0.67%, today’s rally shows that the market is regaining its momentum.