The Pakistan Stock Exchange (PSX) started the week with a strong rally on Monday as the KSE-100 index rose 2.5%.
At 11:00 a.m. during intraday trading, the index stood at 112,256.41. The stock market saw an increase of 2,743.27 points from the previous close of 109,513.14.
The stock reached a high of 112,276.22 and a low of 110,891.35.
With a significant trading volume of 106,155,448 shares.
The total market value stood at 12,022,506,787.
This positive move reflects strong investor confidence, contributing to an optimistic outlook for the market.
Earlier, the Pakistan Stock Exchange (PSX) experienced significant volatility during the week, with large fluctuations in the KSE-100 index due to various factors including profit-taking, policy changes and economic indicators.
The week started positively with a rise of 1,867 points after the State Bank of Pakistan (SBP) cut its policy rate by 200 basis points to 13%, boosting investor optimism.
However, this rally was short-lived as concerns over tax policies and mutual fund redemptions led to market corrections.
The KSE-100 index saw a major decline, with a historic drop of 3,790 points on Wednesday, followed by fresh selling on Thursday, resulting in a total loss of more than 4,700 points.
Despite these setbacks, the market rebounded on Friday, with a strong rally of 3,238 points, driven by positive economic developments, such as the government’s efforts to privatize state-owned companies, increased exports and stable foreign exchange reserves. .
At the end of the week, the KSE-100 index closed at 109,513, a weekly drop of 4,789 points (4.19%).
The PSX was influenced by sectoral declines in oil and gas, fertilizer, cement and banking stocks, while oil trading companies and energy sectors showed some positive movement.
Foreign investors continued to sell, particularly in exploration and production companies and banks, while local buying was observed by individuals and banks/DFIs. Trade volumes fell and the Pakistani rupee depreciated slightly to 278.42 against the US dollar.
