The Pakistan Stock Exchange (PSX) opened Tuesday on a strong footing, with buying interest visible from the opening bell as investors pushed the benchmark KSE-100 Index firmly into positive territory.
The index jumped by 1,147.67 points in early trade and reached 186,205.50 by around 9:41 am, with volumes crossing 9.9 million shares. Momentum picked up further as the session progressed. By 10:13 am, the KSE-100 had added 1,801.93 points to stand at 186,859.76, while traded volume rose sharply to more than 58 million shares.
Gains remained intact through midday. Around 12:30 pm, the benchmark index was up by 2,376.08 points and climbed to 187,433.91, with volumes swelling past 220 million shares, reflecting broad-based participation across sectors.
As of 12:34 pm on February 3, the market was trading at 187,494.47, showing a gain of 2,436.64 points, or 1.32 percent. Total volume at that stage stood at nearly 224.8 million shares.
Market activity
Activity was especially strong in several heavily traded stocks. K-Electric drew interest as its share price rose to Rs7.32, while Bank of Punjab surged to Rs40.75 after posting a notable gain. Fauji Fertilizer Bin Qasim’s energy-linked stock FNEL traded slightly higher, while WorldCall Telecom remained flat during the session. Lahore Electric Supply Company, Pakistan Telecommunication Company, and National Foods also featured among active names, all trading in the green. Hascol Petroleum and Cnergyico saw modest gains as investors continued selective buying.
On the upside, several stocks posted sharp advances. GSPM led the gainers with a double-digit rise, while MSCL, Liven Pharma, Clover Pakistan, and JVDCPS all hit their upper limits. Ibrahim Leather Products, BTL, Fauji Cement’s subsidiary FZCM, Allied Bank’s AMBL, and Power Generation stocks also recorded strong gains, reflecting aggressive buying in select counters.
The session was not without pressure in some names. Oil marketing stock KOIL fell sharply, while Treet Corporation, PECO, and AGLNCPS also closed lower. Other decliners included ANTM, SCL, and SLYT, which faced selling despite the broader market’s upbeat tone.
PSX’s recent performance
From a broader perspective, the PSX continues to show strong long-term performance. Over the past year, the market is up by 66.30 percent, while the year-to-date gain stands at 7.72 percent. The 52-week range highlights the scale of the rally, with the index having traded as low as 101,598.91 and reaching a record high of 191,032.73.
On Monday, the benchmark KSE-100 Index had closed at 185,057.83, gaining 883.35 points, or 0.48 percent. The session saw wide swings, with the index moving within a range of over 2,800 points and volumes reaching 215.8 million shares.
The PSX wrapped up Tuesday’s session at 186,900.73 with a gain of 1,842.90 points.
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