DAILY MARKET WRAP

The Pakistan Stock Exchange (PSX) maintained its upward trajectory on Tuesday, with all indices trading in positive territory throughout the session and an increase in trading volumes compared to the previous day.

Global equity markets exhibited mixed performances, while crude oil prices saw a slight uptick—WTI rising 1.08% to $68.11 and Brent increasing 1.10% to $77.78 (as of 3:48 PM PST, Source: Investing.com).

The benchmark KSE-100 index surged by 1,162.63 pts to reach an intraday high of 91,358.15, before closing the day up by 668.57 pts (0.74%) at 90,864.09. The KMI-30 index gained 608.50 pts to settle at 136,950.30, while the KSE All-Share index rose 273.14 pts, closing at 57,924.43.

Market volume increased significantly from 566.21 mn shares in the previous session to 602.36 mn shares. Worldcall Telecom Limited (WTL +2.42%) led the volume chart with 41.40 mn shares traded, followed by Silk Bank Limited (SILK +8.00%) with 31.28 mn shares and Pace (Pakistan) Limited (PACE -4.66%) with 30.21 mn shares.

The leading sectors propelling the KSE-100 index were Banking sector (+206.32 pts), the Fertilizer sector (+151.58 pts) and the Technology and Communication sector (+104.80 pts). On a company level, top contributors were Fauji Fertilizer Company Limited (OGDC +156.40 pts), Systems Limited (SYS +128.13 pts) and Cherat Cement Company Limited (CHCC +83.24 pts.

The Fertilizer sector gained 1.15% in its cumulative market capitalization. Fauji Fertilizer Company Limited (FFC +3.16%), Fatima Fertilizer Company Limited (FATIMA +3.20%), Fauji Fertilizer Bin Qasim Limited (FFBL +4.03%) and Arif Habib Corporation Limited (AHCL +0.95%), all closed in green.

Values as at 04:15