The KSE-100 Index rebounded significantly, reaching an intraday high of 161,477 before closing at 161,211, marking an increase of 5,433 points (3.49%). This rally was fueled by widespread buying in the Oil & Gas Exploration, Banking, Oil Marketing Companies (OMC), Power Generation, and Fertiliser sectors, as investors took advantage of attractive valuations.

However, overall sentiment remained cautious due to rising geopolitical tensions. Additionally, news that Pakistan could receive oil supplies from Saudi Arabia via Red Sea ports bolstered market confidence.

The top contributors to the index included HUBC, OGDC, FFC, ENGROH, and MEBL, which together added 2,197.78 points. In terms of trading volume, K-Electric led with 115.63 million shares, while the total market turnover reached 718.60 million shares.

Courtesy – AHCML Research