More
    HomeBusinessPSX 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

    Published on

    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.

    Source link

    Latest articles

    More like this