ISLAMABAD: Buying returned to the Pakistan Stock Exchange (PSX) on Friday with the benchmark KSE-100 Index gaining nearly 2,300 points.
By the close of the trading, the stock market settled at 124,379.06, marking a gain of 2,332.60 points or 1.91%.
At 2:3 5pm, the benchmark index was hovering at 125,231.84 level, a gain of 3,185.38 points or 2.61%.
Across-the-board buying was observed in key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs and refinery traded in the green. Index-heavy stocks including MARI, OGDC, POL, PPL, PSO, SSGC, HBL MCB and UBL traded in the green.
It is pertinent to mention that the National Assembly on Thursday passed the Finance Bill, 2025, with a total outlay of PKR 17.57 trillion, for fiscal year 2025-26, incorporating certain amendments, with the support of its coalition partners.
On Friday, a total of 773,409,701 shares were traded at the Pakistan Stock Exchange as compared to 758,542,306 shares on the last working day, whereas the price of shares stood at PKR 37.567 billion against PKR 29.934 billion on the previous trading day.
As many as 484 companies transacted their shares in the stock market, 334 of them recorded gains, and 116 met losses, whereas the share price of 34 companies remained unchanged.
On Thursday, the Pakistan Stock Exchange (PSX) faced a volatile trading session, with the benchmark KSE-100 Index tumbling due to persistent selling pressure and cautious investor sentiment.
Meanwhile, Asian shares climbed to their highest levels in over three years on Friday, following a strong rally on Wall Street. The US dollar, however, remained under pressure amid concerns about the Federal Reserve’s independence and growing expectations of early interest rate cuts.
Globally, stock markets appear poised to end the week on a positive note, as worries over Middle East tensions, tariffs, and trade uncertainties have temporarily eased.
