ISLAMABAD: Buying rally continued at the Pakistan Stock Exchange (PSX) on Friday with the benchmark KSE-100 Index rising by over 700 points by the close of the trading session.
The stock market, buoyed by positive investor sentiment, climbed to an intraday high of 119,913.88 points before settling at 119,691.09— marking a gain of 719.69 points, or 0.60%.
Positive momentum was observed in key sectors, including cement, chemicals, commercial banks, fertilisers, oil and gas exploration companies, OMCs, and power generation. Index-heavy stocks, including HUBCO, NRL, PRL, PSO, MARI, OGDC, PPL, HBL, NBP, MCB, and UBL traded in the green.
On Friday, a total of 580,318,842 shares were traded as compared to 741,654,162 shares the previous trading day, whereas the price of shares stood at Rs 22.743 billion against Rs 23.911 billion on the last working day.
As many as 474 companies transacted their shares in the stock market, 259 of them recorded gains and 161 met losses, whereas the share price of 54 companies remained unchanged.
The three top trading companies were WorldCall Telecom with 79,666,803 shares at Rs 1.37 per share, followed by K-Electric Limited with 47,700,857 shares at Rs 5.32 per share, and Cenrgyico PK settled with 35,756,575 shares at Rs 7.86 per share.
PIA Holding Company LimitedB witnessed a maximum increase of Rs 2,670.41 per share, closing at Rs 29,374.54, whereas Khyber Textile Mills Limited was the runner-up with Rs 253.70 rise in its share price to close at Rs 2,790.71
Rafhan Maize Products Company Limited witnessed a maximum decline of Rs 147.42 per share price, closing at Rs 9,960.91, whereas the runner-up Sapphire Fibres Limited with a fall of Rs 61.74 in its per share price to Rs 1,011.89.
On Thursday, the Pakistan Stock Exchange (PSX) closed in positive territory, with investor sentiment buoyed by a mix of domestic and international factors. The benchmark KSE-100 Index rose by 638.50 points, or 0.54%, ending the day at 118,971.40 points.
On the international front, Asian markets declined on Friday, while the US dollar and Treasury yields also slipped. This came as investors reacted to a US appeals court decision upholding former President Donald Trump’s tariffs—a reversal from the previous day’s market rally following a separate ruling that blocked most of those tariffs.
