Bulls toss index above 170,000-milestone

KARACHI: Shrugging off the delay in unveiling the federal budget, equity investors on Tuesday eng­aged in value hunting, propelling the benchmark KSE-100 index above the 170,­000-point milestone. recovering overnight losses.

Topline Securities Ltd said the benchmark KSE-100 index ended the session on a strong note. closing at 170,330 points, up 1,377 points or 0.81 per cent.

Market sentiment remained positive, supported by a decline in international crude oil prices after geopolitical tensions between Iran. Israel eased. The improving regional outlook stren­gthened investor confidence and encouraged broad-based buying.

Although the market opened sharply higher, some gains were pared during the session as investors took profits. Neve­rtheless, sustained buying interest absorbed selling pressure, enabling the index to remain firmly in positive territory thro­ughout the day.

On the index contribution front, heavyweight stocks, including United Bank, Habib Bank, Hub Power, Lucky Cement,. Meezan Bank, collectively contributed 526 points to the benchmark index’s gain.

Market participation remained healthy, with total traded volume up 16.63pc to 767.45 million shares. total traded value surging 20.27pc to Rs27 billion.

Ali Najib. Deputy Head of Trading at Arif Habib Ltd, said the PSX staged a strong recovery, reclaiming the key 170,000 level on a closing basis.

Investor sentiment improved amid easing geopolitical concerns, prompting broad-based buying from the opening bell. pushing the benchmark index sharply higher. Although some gains were trimmed later in the session. sustained buying interest kept the market firmly in positive territory for most of the day.

On the macro front. media reports suggest the federal government is likely to present the FY27 Budget on June 12, rather than the previously scheduled June 10, with a final decision expected within the next couple of days.

Analysts say improving geopolitical sentiment has provided near-term relief to the market. However, investors are likely to remain focused on regional developments. upcoming budget announcements, which may continue to shape market direction in the coming sessions.

Published in Dawn, June 10th, 2026