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KARACHI: After suffering massive pruning in the last three sessions, the Pakistan Stock Exchange (PSX) on Tuesday witnessed a strong revival of buying frenzy at attractive valuations, propelling the benchmark KSE-100 index above the 184,000-point barrier in intraday.
According to Topline Securities Ltd, the KSE-100 index wrapped up the trading session on a positive note, closing at 183,951.51 points after advancing by 1,567.36 points. The market witnessed intraday volatility, with the index hitting a high of 184,304 points and a low of 180,589 points during the session.
Key index heavyweights, including United Bank, National Bank, MCB Bank, Lucky Cement, and Meezan Bank, provided significant support, jointly contributing 936 points to the benchmark. Meanwhile, declines in Fauji Fertiliser, Sazgar Engineering Works and Haleon Pakistan Limited weighed on performance, collectively wiping out 158 points.
Trading interest remained subdued, with total trading volume falling 2.03pc to 1.03 billion shares. However, the traded value surged 29.9pc to R62.9bn. Bank of Punjab topped the volume chart with 73m shares changing hands.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said the PSX remained in a consolidation phase amid notable intraday volatility. However, value buying emerged at lower levels, enabling the index to settle in positive territory by close.
On the sectoral front, oil and gas production improved week-on-week, with oil output rising 1.1pc to 65,444 barrels of oil per day and gas production increasing to 3,012 mmcfd, the highest since mid-March 2025, supported by reduced curtailment, stronger northern output, and higher supplies to the fertiliser and power sectors, as key fields posted multi-month highs.
Indonesia’s defence minister met Pakistan’s air force chief in Islamabad to discuss a potential defence deal, including the sale of combat jets and drones. This follows reports of growing international interest in Pakistan’s defence exports, a significant positive for the overall economy and perceptions.
Analysts see a consolidation phase may persist within the 180,000-187,000 range amid geopolitical uncertainty, while any pullback is likely to be treated as a buying opportunity, given strong underlying fundamentals.
Published in Dawn, January 14th, 2026
