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DAILY MARKET WRAP
Bulls of PSX Roar – KSE 100 Crosses 72,000-mark!
The Pakistan Stock Exchange (PSX) exhibited impressive performance on Wednesday, with the benchmark KSE 100 surpassing the historic 72,000-mark for the first time. Investor activity saw a decrease compared to previous session. Analysts attributed the high momentum to a positive current account surplus, as a result of which investors anticipate a decrease in inflation and future interest rates.

Global equity markets showed a mixed trend, while crude oil prices experienced a decline, with WTI crude oil falling by 0.60% to $82.86 and Brent crude by 0.45% to $88.02 (as of 3:42 PM PST, Source: Investing.com).

With a gain of 1,054.92 pts, the benchmark KSE 100 index reached intraday high of 72,414.33 before closing higher at 72,051.89 with an addition of 692.49 pts. The KMI 30 index rose by 1,486.53 pts to close at 121,162.46, while the KSE All share index appreciated by 306.94 pts, ending the day at 47,172.82.
Investor participation decreased from 652.96 mn shares in the previous session to 599.30 mn shares. Pakistan International Bulk Terminal Limited (PIBTL +5.73%), K-Electric Limited (KEL +2.22%), and Airlink Communication Limited (AIRLINK +7.43%) topped the volume chart with 54.51 mn shares, 40.12 mn shares, and 25.94 mn shares traded, respectively.
Sectors driving the benchmark KSE 100 index north included the Cement sector (+154.63 pts), Automobile Assembler sector (+119.22 pts) and Power Generation and Distribution sector (+95.04 pts). Top contributors at the company level were Millat Tractors Limited (MTL +119.04 pts), Lucky Cement Limited (LUCK +92.72 pts) and The Hub Power Company Limited (HUBC +84.02 pts).
The Cement sector saw a 2.80% increase in cumulative market capitalization. Lucky Cement Limited (LUCK +4.08%), Fauji Cement Company Limited (FCCL +0.98%), Kohat Cement Company Limited (KOHC +0.67%), and Maple Leaf Cement Factory Limited (MLCF +1.01%) all closed in green.
Values as at 04:12 PM