{"id":21266,"date":"2025-09-30T09:04:07","date_gmt":"2025-09-30T09:04:07","guid":{"rendered":"https:\/\/ipp-news.com\/?p=21266"},"modified":"2025-09-30T09:04:07","modified_gmt":"2025-09-30T09:04:07","slug":"psx-surges-to-fresh-peak-on-second-day-of-strong-gains","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=21266","title":{"rendered":"PSX surges to fresh peak on second day of strong gains"},"content":{"rendered":"<div>The Pakistan Stock Exchange (PSX) on Tuesday witnessed strong bullish momentum for a second consecutive day, driving the benchmark index to a new record high.<\/p>\n<p>Trading opened with a gain of 940 points, lifting the KSE-100 Index to 164,787 points during intra-day trading. Momentum remains positive, with the index so far rising by 1,296 points to 165,144 points.<\/p>\n<p>The rally builds on Monday\u2019s session, when the market also posted significant gains and set fresh highs.<\/p>\n<p>Read:\u00a0Stocks jump to fresh peak over IMF review<\/p>\n<p>Earlier on Monday, Pakistan Stock Exchange (PSX) opened the week on a highly strong note as the KSE-100 index soared 1,591 points to close at a new record high at 163,848.<\/p>\n<p>Buying interest remained robust, particularly in attractive stocks, pushing the index to the intra-day peak of 163,904, while the day&#8217;s low stood at 162,059. There was brisk activity, reflected in high trading volumes of 1.3 billion shares.<\/p>\n<p>Investors drew support from the visit of an International Monetary Fund (IMF) mission for the second review of its $7 billion Extended Fund Facility (EFF) and first assessment under the Resilience and Sustainability Facility (RSF).<\/p>\n<p>Arif Habib Limited (AHL), in its commentary, wrote that stocks took a solid start to the week with the KSE-100 index gaining 0.98% day-on-day and reaching the high of 163.9k in intra-day trading.<\/p>\n<p>Some 60 shares rose while 40 fell, where Fauji Fertiliser Company (+3.1%), Pakistan State Oil (+6.16%) and HBL (+2.51%) contributed the most to index gains. On the contrary, Engro Holdings (-0.66%), Lucky Cement (-0.73%) and DG Khan Cement (-2.52%) were the biggest drags, it stated.<\/p>\n<p>Among corporate news, Ghandhara Automobiles (+0.04%) announced FY25 earnings per share (EPS) of Rs71.85, up 11x year-on-year (YoY), and dividend per share of Rs10, which was above expectations.<\/p>\n<p>Additionally, Air Link Communication (+10%) announced FY25 EPS of Rs12.01, +3% YoY, and dividend per share of Rs7, which also beat expectations. AHL estimates the weekly draw will remain at 165k with support rising to 162k.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange (PSX) on Tuesday witnessed strong bullish momentum for a second consecutive day, driving the benchmark index to a new record high. Trading opened with a gain of 940 points, lifting the KSE-100 Index to 164,787 points during intra-day trading. Momentum remains positive, with the index so far rising by 1,296 points [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-21266","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/21266","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=21266"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/21266\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=21266"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=21266"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=21266"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}