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Markets Print edition: 2026-06-10

PSX posts strong recovery

Published Updated

KARACHI: Pakistan Stock Exchange (PSX) staged a strong recovery on Tuesday as easing geopolitical tensions between Iran and Israel and a decline in international crude oil prices boosted investor confidence, triggering broad-based buying across key sectors.

The benchmark KSE-100 Index gained 1,376.85 points, or 0.81 percent, to settle at 170,330.56 points compared to the previous close of 168,953.71 points. The index touched an intraday high of 171,022.94 points and a low of 170,250.27 points, reflecting strong buying momentum throughout the session.

BRIndex100 closed at 18,825.98 points, up 176.57 points or 0.95 percent from the previous session, with total traded volume reaching 574.03 million shares. BRIndex30 gained 784.29 points or 1.16 percent to settle at 68,669.82 points, while turnover stood at 316.14 million shares.

According to Topline Securities, market sentiment remained positive throughout the session as lower oil prices and an improving regional outlook encouraged investors to rebuild positions in blue-chip stocks. Although the market opened sharply higher, some of the gains were trimmed during the day as investors engaged in profit-taking. However, sustained buying interest successfully absorbed selling pressure, allowing the benchmark index to maintain its upward trajectory and close firmly in positive territory.

Topline Securities said heavyweight stocks including United Bank Limited (UBL), Habib Bank Limited (HBL), Hub Power Company (HUBC), Lucky Cement (LUCK), and Meezan Bank Limited (MEBL) collectively contributed 526 points to the benchmark index’s gain.

Total market capitalization in the regular market increased by Rs158.76 billion to Rs18.91 trillion compared to Rs18.75 trillion recorded in the previous session.

In the regular market, total turnover increased to 767.45 million shares from 657.97 million shares recorded a day earlier. The value of traded shares surged to Rs27.18 billion compared to Rs22.59 billion in the previous session.

Market breadth remained overwhelmingly positive across all trading segments. In the ready market, 351 companies advanced, 104 declined and 37 remained unchanged out of 492 traded companies.

TPL Properties emerged as the volume leader with turnover of 56.53 million shares, closing at Rs11.31. TPL Corp followed with 50.81 million shares and a closing price of Rs14.32, while Pace (Pakistan) Limited traded 46.23 million shares to close at Rs12.02.

On the gainers’ board, PIA Holding Company Limited (B) recorded the largest increase in share price, rising by Rs890.00 to close at Rs18,390.00, followed by Blessed Textiles Limited, which gained Rs86.01 to settle at Rs1,162.10. On the losing side, Rafhan Maize Products Company Limited declined by Rs61.61 to close at Rs9,444.39, while Thal Industries Corporation Limited fell by Rs22.04 to end at Rs912.77.

Sector-wise, the BR Automobile Assembler Index rose 185.58 points, or 0.69 percent, to close at 27,245.97 points on turnover of 3.59 million shares. The BR Cement Index advanced 129.38 points, or 1.10 percent, to finish at 11,871.16 points with volume of 41.01 million shares.

The BR Commercial Banks Index gained 609.30 points, or 1.08 percent, to settle at 56,963.86 points, while turnover stood at 22.13 million shares. The BR Power Generation and Distribution Index increased by 390.79 points, or 1.43 percent, to close at 27,740.66 points with trading volume of 28.76 million shares.

Similarly, the BR Oil and Gas Index added 77.68 points, or 0.52 percent, to finish at 14,883.96 points on turnover of 38.42 million shares. The BR Tech and Communication Index gained 48.04 points, or 1.25 percent, to settle at 3,901.65 points with a robust turnover of 139.14 million shares.

Looking ahead, market participants will continue to monitor developments in the Middle East and international energy markets. Any further easing in regional tensions and stability in crude oil prices could provide additional support to investor confidence and help sustain the positive momentum witnessed at the exchange.

Copyright Business Recorder, 2026

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