The Pakistan Stock Exchange (PSX) saw a rally on Friday, with the KSE-100 index gaining 1,020.04 points, an increase of 0.9%, to reach 114,856.78 points during intraday trading.
The market reached a high of 114,960.52 points and fell to a low of 113,571.95 during the trading session.
The trading volume stood at 94,340,778, with a total value of 10,212,346,025.
The market had closed yesterday’s session at 113,836.74. This rally signifies a positive change in investor sentiment, indicating a steady market recovery.
The rally coincided with the announcement of the verdict in the £190 million case in which Pakistan Tehreek-e-Insaf (PTI) founding president Imran Khan was sentenced to 14 years.
Earlier, the stock market closed lower on Thursday, with the KSE-100 index falling 659 points (0.58%) to settle at 113,836.74.
This decline was driven by weak economic indicators, including a 1.3% contraction in large-scale manufacturing (LSM) between July and November 2024, which contributed to weakening investor sentiment.
Concerns over a cautious monetary policy stance by the State Bank of Pakistan, rupee instability and ongoing 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 posted gains.
Despite the negative market movement, analysts suggest a possible rebound if political issues are resolved and economic stability improves.
Total trading volumes were 469 million shares, with a total value of Rs 25 billion. Foreign investors sold shares worth Rs 902.4 crore during the session.
