Bulls Return to PSX as KSE-100 Surges Over 1,000 Points on Strong Corporate Earnings

On February 10, 2025, the Pakistan Stock Exchange (PSX) experienced a significant surge, with the benchmark KSE-100 index climbing over 1,000 points to close at 111,377.96. This bullish momentum was largely driven by better-than-expected corporate earnings and the announcement of the year’s first Initial Public Offering (IPO) by Zarea Limited, aiming to raise Rs1 billion. Key contributors to the rally included companies like Mari Petroleum, Engro Corporation, Hub Power Company, Pakistan Petroleum Limited, and Attock Refinery, collectively adding 448 points to the index. The day’s trading saw robust activity, with 409 million shares exchanged and a total turnover of Rs23.8 billion. The Bank of Punjab led the volume charts, with 55.9 million shares changing hands.