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Pakistan Stocks Jump 1,291 Points as Fertiliser Shares Power KSE-100 to 162,226

Retail participation plus mutual fund inflows supported the rally despite foreign investors selling.

Overview

  • Fertiliser stocks led the advance, with Fauji Fertiliser outperforming after gaining Shariah-compliant status and joining the KMI-30 index.
  • Foreign investors were net sellers by about Rs436.4 million as local buyers sustained momentum.
  • Total turnover reached roughly 1.03 billion shares with traded value near Rs45.2 billion.
  • Market breadth was mixed, with 194 gainers and 244 decliners, and volumes dominated by WorldCall Telecom, Bank Makramah and Beco Steel.
  • Shield Corporation filed to delist from the exchange and proposed buying back shares held by minority investors.