The stock market maintained its upward momentum, supported by strong corporate earnings that bolstered investor confidence.
The benchmark KSE-100 index surged 941 points intraday before closing at 113,342 points, marking a 253-point gain (0.22%) by the end of the session.
According to Topline’s market report, “Investor sentiment remained positive, with better-than-expected corporate results sparking fresh buying across multiple sectors.”
The market rally was driven by FFC, BAHL, MTL, SYS, and KOHC, which collectively added 433 points to the index.
However, UBL, LUCK, HUBC, HBL, PPL, and OGDC weighed on the market, erasing 619 points from the gains.
Trading activity remained robust, with 667 million shares traded, generating a turnover of Rs25.7 billion. K-Electric (KEL) led the volume chart, with 180.8 million shares changing hands.
Corporate Earnings
United Bank Limited (UBL) reported Q4 2024 earnings per share (EPS) of Rs21.27, bringing FY2024 EPS to Rs61.39, surpassing market expectations. The bank declared a cash dividend of Rs11 per share.
Habib Bank Limited (HBL) posted Q4 2024 EPS of Rs9.83, with FY2024 EPS reaching Rs39.85, exceeding analyst estimates. The bank announced a cash dividend of Rs4 per share.
DG Khan Cement (DGKC) reported Q2 FY2025 EPS of Rs6.21, bringing H1 FY2025 EPS to Rs8.04 per share. Strong demand and improved operational efficiencies contributed to the company’s better-than-expected performance.
