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1h ago

PSX Rebounds Toward 159,000 in Volatile Early Trade

Rollover flows set the tone, with focus on a planned Rs1.225 trillion power‑sector facility.

Traders Edward Curran, left, and Robert Charmak work on the floor of the New York Stock Exchange, Wednesday, Sept. 17, 2025. (AP Photo/Richard Drew)
A currency trader passes by a screen showing the Korea Composite Stock Price Index (KOSPI), top center left, and the foreign exchange rate between U.S. dollar and South Korean won, top center, at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 23, 2025. (AP Photo/Ahn Young-joon)
A currency trader stands near a screen showing the Korea Composite Stock Price Index (KOSPI), left, and the foreign exchange rate between U.S. dollar and South Korean won at the foreign exchange dealing room of the Hana Bank headquarters in Seoul, South Korea, Tuesday, Sept. 23, 2025. (AP Photo/Ahn Young-joon)
An investor looks at an electronic board showing stock information at a brokerage house in Shanghai, China July 6, 2018. REUTERS/Aly Song/File Photo

Overview

  • By 11:00am Wednesday, the KSE-100 was up about 845 points at 158,790 after an intraday high near 159,034, with buying led by banks, cement and energy names.
  • Tuesday’s session closed at 157,945 (+390 points) after swinging between 157,417 and 158,831, recovering part of Monday’s 483-point decline.
  • Oil & Gas Development Company reported FY25 profit down 19% to Rs169.9 billion (EPS Rs39.50) and declared a Rs5.00 4Q dividend, guiding stock-specific flows.
  • The government and a consortium of 18 banks are set to sign a Rs1.225 trillion financing facility to tackle power-sector circular debt, a development closely watched by lenders and utilities.
  • Volatility remains elevated during rollover week as NCCPL data showed continued foreign selling on Tuesday and regional risk appetite softened following Fed Chair Powell’s remarks.