K-Electric Shares Soar 7.58% as CEO Moonis Alvi Resigns.
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In a dramatic turn of events at the Pakistan Stock Exchange (PSX), K-Electric (KE) shares rallied by 7.58% to close at Rs 8.94, even touching an intra-day peak of Rs 9.16. This surge came immediately after the utility confirmed the resignation of its long-standing CEO, Moonis Alvi, who has led the company since 2018.
Market Optimism & Governance Reset
Despite a bearish trend in the overall KSE-100 index, KE witnessed massive trading activity with volumes exceeding 517 million shares. Analysts suggest that investors are viewing the leadership change as a potential “reset” for the company’s governance. Alvi’s departure follows a period of intense legal pressure related to a workplace harassment case, which was recently set aside by the Governor of Sindh.
What’s Next for KE?
- Board Meeting: The board is scheduled to meet on February 10, 2026, to appoint a successor from a shortlist of internal candidates.
- Strategy: Investors remain optimistic about a fresh strategic direction and the company’s firm stance on tariff protections.
