The Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the commercial week, the index increasing by 1,562.35 points, the reference index increasing by 1.38%.
The current market index was 114,768.75 points during intra-day trading.
At 11:20 a.m., PSX marking an increase of 1,562.35 points compared to the closing of the previous session of 113,206.40 points.
During intra-day trading, the KSE-100 index reached a summit 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 around 8.76 billion rupees.
Investors were optimistic about market performance, which continued to show resilience despite global economic uncertainties.
Yesterday, the Pakistan Stock Exchange (PSX) experienced a strong recovery Thursday, the KSE-100 index increasing more than 1,700 points to close above 113,200, after three consecutive negative sessions.
This rebound was motivated by optimism surrounding the profits of companies, a proposal from the IMF to reduce the circular debt of the gas sector and the commitments of a delegation of American investors.
Commercial activity has remained robust, with 484 million actions negotiated, totaling 26 billion rupees in value. The main contributors to the rally included Mari Petroleum (+ 10%), Bank Al Habib (+ 5.82%) and Lucky Cement (+ 3.49%).
Analysts expect a new upward dynamics, focusing on the income of future companies and the IMF review at the end of February.
The index increased from 1,719 points (1.54%) to 113,206.40. Key sectors such as cement, automobile and exploration have shown solid performance, fueling the market rebound.
Despite solid interior purchases, foreign investors have sold actions worth 2.2 billion rupees. Overall, 272 actions have advanced, while 118 decreased, with Su Southern Gas Company leading in volume.
The market prospects remain positive, with the expectations of continuous stability following the future results and the discussions of the IMF
