The Pakistan Stock Exchange (PSX) extended its bullish streak on Thursday, as the benchmark KSE-100 index climbed 2,285.53 points (+1.68%) to a record close at 138,665.50, with an intra-day high of 138,943.47.
Key drivers of the rally
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Sector performance:
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Energy: Oil and gas exploration, refining, and power stocks led gains
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Banking: United Bank, National Bank, and Habib Bank supported momentum
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Fertiliser & cement: Fauji Fertiliser, Engro Fertilisers, Lucky Cement added strength
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Major gainers:
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Fauji Fertiliser (+2.92%)
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United Bank (+2.82%)
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Engro Fertilisers (+5%)
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Major losers:
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Bank AL Habib (-0.86%)
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Thal Limited (-3.37%)
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Habib Metropolitan Bank (-1.15%)
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Corporate & diplomatic highlights
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Pakistan Services rose +10% after AKD Group Holding offered to acquire 28% voting shares
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Pakistan and El Salvador established bilateral relations, exploring cryptocurrency cooperation
Mutual fund holdings
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OGDC: Held by 62 funds (17.2% free float)
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PPL: Held by 51 funds (15.5%)
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PSO: Held by 50 funds (29.7%)
Market activity
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Trading volume: 780 million shares (vs 706m on Wednesday)
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Turnover: Rs40 billion
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Companies traded: 486
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306 gained
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154 declined
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26 unchanged
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According to AHL Research, the index rebounded after testing key support earlier in the week and is now up 3.25% so far this week, edging closer to the 139,000 mark.