The Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the commercial week, with the index increasing by 1,562.35 points with the reference index by increasing by 1.38%.
The current market index stood at 114,768,75 points during trade per day.
At 11: 20 am, PSX marked an increase of 1,562.35 points from the closing of the previous session of 113,206.40 points.
During the intradic negotiation, the KSE-100 index reached a maximum of 115,071.16 and a minimum of 113,692.87.
The negotiation volume reached more than 129.5 million shares, with a total value of approximately 8,76 billion.
Investors were optimistic about market performance, which continued to show resistance despite global economic uncertainties.
Yesterday, the Pakistan Stock Exchange (PSX) experienced a strong recovery on Thursday, with the KSE-100 index increasing more than 1,700 points to close above 113,200, after three consecutive negative sessions.
This rebound was promoted by optimism around corporate profits, an IMF proposal to reduce the circular debt of the gas sector and the commitments of an American investor delegation.
The commercial activity remained solid, with 484 million negotiated shares, for a total of RS26 billion in value. Key taxpayers to the rally included Mari Petroleum (+10%), Bank al Habib (+5.82%) and Lucky Cement (+3.49%).
Analysts expect greater upward boost, focusing on the next corporate gains and IMF review at the end of February.
The index closed at 1,719 points (1.54%) to 113,206.40. The key sectors such as cement, car and exploration showed strong performance, feeding the market rebound.
Despite the strong internal purchase, foreign investors sold shares worth RS2.2 billion. In general, 272 actions advanced, while 118 decreased, with Sui Southern Gas Company leading in volume.
The market for the market remains positive, with continuous stability expectations after the next results and discussions of the IMF