The Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the business week, with the index rising by 1,562.35 points with the benchmark index rising by 1.38%.
The market’s current index stood at 114,768.75 points during intra-day trading.
At 11: 20 am, PSX marking an increase of 1,562.35 points from the previous session’s closing of 113,206.40 points.
During the intra-day trading, the KSE-100 index reached a high of 115,071.16 and a low of 113,692.87.
The trading volume reached over 129.5 million shares, with a total value of approximately Rs 8.76 billion.
Investors were optimistic about the market’s performance, which continued to show resilience despite global economic uncertainties.
Yesterday, the Pakistan Stock Exchange (PSX) experienced a strong recovery on Thursday, with the KSE-100 index surging over 1,700 points to close above 113,200, after three consecutive negative sessions.
This rebound was driven by optimism surrounding corporate earnings, an IMF proposal to reduce gas-sector circular debt, and commitments from a US investor delegation.
Trading activity remained robust, with 484 million shares traded, totaling Rs26 billion in value. Key contributors to the rally included Mari Petroleum (+10%), Bank AL Habib (+5.82%), and Lucky Cement (+3.49%).
Analysts expect further upward momentum, focusing on upcoming corporate earnings and the IMF review in late February.
The index closed up by 1,719 points (1.54%) at 113,206.40. Key sectors such as cement, automobile, and exploration showed strong performance, fueling the market rebound.
Despite strong domestic buying, foreign investors sold shares worth Rs2.2 billion. Overall, 272 stocks advanced, while 118 declined, with Sui Southern Gas Company leading in volume.
The outlook for the market remains positive, with expectations of continued stability following upcoming results and IMF discussions
