PSX soars to record high of 147,000 points on strong buying momentum

PSX soars to record high of 147,000 points on strong buying momentum

The Pakistan Stock Exchange (PSX) hit a fresh all-time high on Tuesday, boosted by optimism over potential US investment through a trade deal, record remittances, and strong corporate earnings.

In the opening session, the benchmark index jumped 451.37 points, or 0.31%, to reach 147,381.21 points, marking a historic milestone.

So far, 388 companies have traded shares, with 259 posting gains, 105 facing losses, and 24 remaining unchanged.

A day earlier, on Monday, the PSX index had surged by 1,547.05 points, or 1.06%, closing at 146,929.84, fueled by bullish activity in the exploration & production (E&P) and banking sectors.

Some 67 shares rose while 32 fell, with Mari Petroleum (+7.68%), Bank AL Habib (+4.22%) and OGDC (+2.44%) contributing the most to index gains.

On the flip side, Engro Fertilisers (-1%), Systems Limited (-0.79%) and Engro Holdings (-0.47%) were the biggest drags, mentioned AHL.

Among corporate results, Mari Petroleum reported FY25 earnings per share (EPS) of Rs54.25, a decrease of 16% year-on-year (YoY), and dividend per share of Rs21.70.

Fauji Cement declared FY25 EPS of Rs5.43, an increase of 62% YoY, and dividend per share of Rs1.25.

Meanwhile, Attock Refinery posted FY25 EPS of Rs112.3, down 53% YoY, and dividend per share of Rs10.

Lucky Cement reported FY25 EPS of Rs52.53, up 19% YoY, and dividend per share of Rs4.

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