Energy and Fertilizer Stocks Lift KSE-100 at PSX

The Pakistan Stock Exchange witnessed a steady rally on January 20 as energy and fertilizer sector stocks powered the KSE-100 index to a closing level of 188,621.78 points.
ENGROH emerged as the top contributor with a 205.80-point impact, followed by PPL, SAZEW, OGDC, and PSO, highlighting renewed investor confidence in exploration and refinery stocks.
Despite the positive trend, banking and cement stocks faced selling pressure. Meezan Bank led the drag on the index, while HUBCO, UBL, Lucky Cement, and Habib Bank also closed in negative territory.
With trading volumes exceeding 454 million shares, analysts believe the market is entering a consolidation phase with an upward bias.
They added that stable macroeconomic indicators and easing inflation expectations could further support equity valuations in coming weeks.