Fertiliser stocks power PSX to record close

The Pakis­tan Stock Exchange (PSX) extended its record-breaking run on Thursday as a bullish rally lifted the KSE-100 index past the 138,000-point mark, fuel­led by aggressive institutional buying and optimism over upcoming corporate earnings. According to Topline Securities, after pausing for two sessions, bullish sentiment returned strongly, pushing the benchmark index to an intraday high of 2,563 points. The index closed at an all-time high of 138,665.50, up 2,285.53 points or 1.68 per cent, with heavy institutional flows and value-hunting by local investors reigniting market momentum. Fertiliser stocks led the charge, with Fauji Fertiliser Company (FFC) and Engro Fertiliser (EFERT) together contributing 563 points to the index. Other major gainers included United Bank Ltd, Systems Ltd, Engro Corporation, and Hub Power Company, which collectively added 763 points, indicating broad-based strength among blue-chip stocks.