Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the business week, with the index increasing by 1,562.35 points, with the benchmark index increasing by 1.38%.
The current index of the market amounted to 114,768.75 points under trading within day.
At. At 11.00 the PSX marks an increase of 1,562.35 points from the previous session’s closure of 113.206.40 points.
During the intra-day trade, the KSE-100 index reached a height of 115,071.16 and a low low level of 113,692.87.
Trade volume reached over 129.5 million shares with a total value of approx. Rs 8.76 billion.
Investors were optimistic in terms of market performance, which continued to show resilience despite global economic uncertainties.
Yesterday, Pakistan Stock Exchange (PSX) experienced a strong recovery on Thursday, with the KSE-100 index waves over 1,700 points to close over 113,200 after three consecutive negative sessions.
This rebound was driven by optimism about business earnings, an IMF proposal to reduce circular debt in the gas sector and obligations from a US investor delegation.
Trade activity remained robust, with 484 million shares traded, totaling RS26 billion in value. The main 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 the upcoming business earnings and the IMF review at the end of February.
The index closed up with 1,719 points (1.54%) at 113.206.40. Key sectors such as cement, car and investigation showed strong performance, which burned the market’s rebound.
Despite strong domestic purchases, foreign investors sold shares worth RS2.2 billion. Overall, 272 shares were advanced, while 118 fell, with Sui Southern Gas Company leading in volume.
The outlook for the market remains positive with expectations of continued stability after upcoming results and IMF discussions
