The Pakistan Stock Exchange (PSX) witnessed a mixed trading session on Wednesday, closing slightly higher despite volatility and profit-taking in key sectors. The benchmark KSE-100 Index gained 210.36 points, or 0.13%, to settle at 165,686.38. During intraday trading, the index touched a high of 167,561.69 and a low of 165,357.21, reflecting investors’ cautious sentiment amid fluctuating market conditions.
Trading began on a strong note as market optimism rose following Pakistan’s staff-level agreement with the International Monetary Fund (IMF) under the Extended Fund Facility (EFF) and the Resilience and Sustainability Facility (RSF). However, the early excitement faded as investors adopted a wait-and-see approach, preferring short-term gains over long-term positions while assessing the government’s implementation of economic reforms.
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Market analysts noted that the PSX entered a consolidation phase after Tuesday’s sharp surge. According to brokers, 52 stocks advanced while 48 declined. Fauji Fertiliser, Meezan Bank, and Mari Energies were the top contributors to the index’s rise, adding stability to the session. On the other hand, Systems Limited, Lucky Cement, and Engro Fertiliser dragged the index down with notable losses, limiting overall gains.
In corporate developments, United Bank Limited (UBL) announced impressive nine-month earnings for 2025, reporting a 101% year-on-year growth in earnings per share (EPS) at Rs40.19 and a dividend per share (DPS) of Rs21.5. SAZGAR Engineering also posted solid first-quarter results for fiscal year 2026, while Engro Fertiliser reported a 21% annual decline in EPS, missing market expectations. These mixed results influenced investor sentiment across the financial and industrial sectors.
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Meanwhile, trading volume on the All-Share Index stood at 1.52 billion shares, slightly lower than the previous day’s tally of 1.17 billion. K-Electric led market activity with 383.2 million shares traded, gaining Rs0.52 to close at Rs7.65. Overall, investor confidence remained positive, supported by expectations of IMF disbursements worth $1.2 billion, which strengthened hopes for improved macroeconomic stability and external financing outlook.