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KSE-100 and KMI-30 rise, PPL and OGDC support the market

Web Desk 43 minutes ago 0

Despite the volatility, the Pakistan Stock Exchange (PSX) witnessed a positive trend on Wednesday, June 17, 2026, where shares of energy, fertilizer and industrial sectors supported the market while large shares of the banking sector limited the rally.

At the end of trading, the KSE-100 index closed at 180,511.02 points, up 118.05 points. During the day, the index reached a high of 181,357.70 points while the low was recorded at 179,564.17 points.

Investor interest remained in the market and a turnover of 526.92 million shares was recorded, indicating active trading.

Fatima Fertilizer (FATIMA) played the most important role in today’s rally, which contributed positively to about 159 points. Investor interest in companies related to the agriculture sector is continuously increasing as farmers’ needs and fertilizer demand are expected to stabilize.

Similarly, Pakistan Petroleum Limited (PPL) and Oil & Gas Development Company (OGDC) also showed significant performance. A major reason for the increase in investment in the energy sector is the strong financial foundations of these companies and future earnings prospects.

On the other hand, Millat Tractors (MTL) and Shifa International (SHFA) were also among the prominent pillars of the market. However, the market was not completely one-sided.

United Bank Limited (UBL) proved to be the biggest dragger, shedding around 283 points. Similarly, selling pressure in Meezan Bank (MEBL), Hub Power Company (HUBC), Fauji Fertilizer Company (FFC) and MCB Bank limited the overall rally.

Meanwhile, the Islamic index KMI-30 also performed better and closed at 257,350.10 points with an increase of 449.64 points.

The most positive contribution in KMI-30 was made by PPL, which contributed over 450 points. OGDC, Attock Refinery, Engro Holdings and Engro Fertilizers also remained prominent.

According to market experts, investors are currently focusing on companies whose financial results appear strong and whose business prospects are good.

Improvement in economic indicators, reduction in inflation and expectations of increased business activities are considered positive factors for the market. However, investors are also keeping a close eye on international oil prices, interest rate decisions and the geopolitical situation in the region.

Analysts say that if the momentum in the energy and fertilizer sectors continues, the PSX could gain further strength in the coming days. However, the ongoing profit-taking trend in the banking sector may limit the market momentum in the short term.

The trading on June 17 made it clear that investors are now making decisions not only on the overall market but also on the basis of specific sectors and companies, and this trend may determine the market direction in the coming weeks as well.

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