The Pakistan Stock Exchange (PSX) witnessed another bullish session on Wednesday, with the benchmark KSE-100 index hitting an intraday high of 1,829 points before closing at 152,201, up 1,226 points (+0.81%).

Investor confidence remained upbeat, boosted by robust sectoral performance.

According to Topline Securities, the cement sector led the rally after industry dispatches rose more than 12% year-on-year in August 2025, reviving optimism across the board.

The fertiliser sector also attracted heavy buying, with urea sales jumping 46% YoY and 34% MoM to 816,000 tons in August.

Analysts attributed the surge to aggressive discounting by select manufacturers and possible dealer pre-buying ahead of a likely partial rollback in September.

In the power sector, Hub Power Company (HUBC) lifted sentiment further by announcing 4QFY25 earnings of Rs9.16 per share, along with a Rs10/share dividend — exceeding expectations. This brought its full-year payout to Rs15/share.

On the index front, major contributions came from HUBC, Fauji Fertiliser Company (FFC), Oil and Gas Development Company (OGDC), Mari Petroleum (MARI), and Pakistan Petroleum Limited (PPL), which collectively added 788 points to the day’s gains.

Market activity was also strong, with volumes climbing to 1,041 million shares and traded value hitting Rs51.2 billion. PACE led the volume chart with 89.2 million shares traded.

Head of Research at JS Global, Waqas Ghani, attributed the rally to improving stability and strong corporate earnings. He noted that cynical sectors are leading the charge, with cement stocks benefiting from increased dispatches and profitability.

Additionally, banks have supported the index with resilient earnings despite lower interest rates, while auto stocks are also gaining attention due to improved sales.

The PSX’s historic rally continued from Tuesday, when the benchmark index closed at 150,975.48 points, marking a substantial gain of 1,004 points or 0.67%.