By Sumavaya Iqbal 
Pakistan Stock Exchange (PSX) continued its strong bullish momentum, with the benchmark KSE-100 Index closing at a new all-time high after gaining nearly 2,700 points in a single session. The index surged by 1.52 percent to settle at 179,039 points, reflecting growing investor confidence and sustained buying activity.
Market analysts attribute this rally largely to aggressive buying by local institutional investors following new fund allocations. The influx of fresh capital provided strong support to the market, pushing the index to record levels amid improving sentiment.
According to brokerage house Topline, investor interest remained particularly strong in the fertilizer sector, which played a key role in driving the index higher. Stocks in this segment witnessed notable accumulation, helping the broader market maintain its upward trajectory.
Major index-heavy stocks led the rally, with United Bank Limited (UBL), Engro Fertilizers (EFERT), Engro Holdings (ENGROH), Pakistan Petroleum Limited (PPL), Oil and Gas Development Company (OGDC), and Fauji Fertilizer Company (FFC) emerging as top contributors. Collectively, these stocks added approximately 1,663 points to the KSE-100 Index.
Trading activity remained robust throughout the session, indicating healthy market participation. In terms of traded value, Bank of Punjab (BOP) led the board with Rs. 4.28 billion worth of shares changing hands. This was followed by Pakistan State Oil (PSO) at Rs. 3.98 billion, PPL at Rs. 3.33 billion, OGDC at Rs. 3.24 billion, Mari Petroleum (MARI) at Rs. 3.16 billion, Hub Power Company (HUBC) at Rs. 2.56 billion, and Meezan Bank (MEBL) at Rs. 2.55 billion.
Several stocks also recorded high trading volumes, highlighting strong investor interest across multiple sectors. BOP topped the volume chart with over 102 million shares traded, while K-Electric (KEL), Maple Leaf Cement subsidiary MDTL, and Pakistan International Bulk Terminal (PIBTL) also saw heavy turnover.
Overall, total traded volume for the day stood at 1.1 billion shares, while total market value reached Rs. 64 billion, underscoring the depth and strength of the ongoing rally.
Market experts believe that if institutional inflows continue and macroeconomic indicators remain stable, the PSX could maintain its upward momentum in the near term. However, they also advise investors to remain cautious and selective amid record-high valuations.
The latest surge reinforces PSX’s position as one of the strongest-performing markets in the region, with sustained interest from domestic investors driving the index to historic highs.