The Pakistan Stock Exchange (PSX) saw a rally on Friday, with the KSE-100 index rising 1,020.04 points, up 0.9%, to touch 114,856.78 points during intra-day trade.
The market touched a high of 114,960.52 points and dropped to a low of 113,571.95 during the trading session.
Trading volume was 94,340,778, with a total value of 10,212,346,025.
The market had closed yesterday’s session at 113,836.74. This increase signifies a positive shift in investor sentiment, indicating a steady recovery in the market.
The meeting coincided with the announcement of the verdict in the £190 million case, in which Pakistan Tehreek-e-Insaf (PTI) founding chairman Imran Khan was sentenced to 14 years in prison.
Earlier, the stock market closed lower on Thursday, with the KSE-100 index down 659 points (0.58%) to settle at 113,836.74.
This decline was driven by weak economic indicators, including a 1.3% decline in large scale output (LSM) from July-November 2024, which contributed to subdued investor sentiment.
Concerns about a cautious monetary policy stance by the State Bank of Pakistan, instability in the rupee and persistent political uncertainty further pressured the market.
Major contributors to the decline included stocks such as PPL, PSO and Fauji Fertilizer Company, while Engro Holdings, Habib Metropolitan Bank and Pakgen Power saw gains.
Despite the market’s negative movement, analysts hint at a potential rebound if political issues are resolved and economic stability improves.
Total trading volumes were 469 million shares, with a total value of Rs25 billion. Foreign investors sold shares worth Rs902.4 million during the session.
