Bulls Reclaim the Charge Ahead of Results Season
ISLAMABAD: After a two-day breather, the bulls roared back to life at the Pakistan Stock Exchange. The benchmark KSE-100 Index surged by 1,205 points (+0.91%), closing at 133,782, just shy of the intraday high of 1,325 points.
The upbeat momentum was underpinned by growing investor optimism ahead of the corporate results season, set to kick off tomorrow. Anticipation of strong earnings reports spurred broad-based buying across key sectors.
In the textile sector, Nishat Mills Limited (NML) emerged as a standout performer. Following a report issued by Topline Securities earlier today, investor interest was reinvigorated. We continue to maintain our BUY stance on NML with a June 2026 target price of Rs225, adding fuel to the bullish sentiment in the stock.
Shiba inu Price Forecasts and Trends 2025
On the leaderboard, MEBL, MCB, UBL, BAHL, FFC, HBL, and BAFL were the top contributors, collectively adding +702 points to the index.
Investor participation remained robust, with total market volume clocking in at 940 million shares and a solid turnover of Rs. 36.03 billion. BOP led the volumes chart with 155 million shares traded.
