The Pakistan Stock Exchange (PSX) staged a positive session on Friday, as the KSE-100 index climbed over 980 points to close near 182,250.
Investor sentiment improved amid relatively stable geopolitical conditions, expectations of renewed negotiations between the United States and Iran over the weekend, and a continued decline in international oil prices, all of which supported buying interest across the market, noted Ali Najib, Deputy Head of Trading at Arif Habib Ltd.
On the corporate front, Select Technologies informed the PSX that its shares will commence trading on the exchange from Monday, marking another addition to the listed universe.
On the index contribution front, MEBL, UBL, HBL, MCB, and AKBL collectively added 574 points to the benchmark index. On the other hand, SAZEW, SRVI, HMB, SNGP, and MEHT collectively erased 94 points amid selective selling pressure.
Read: Persistent selling caps PSX near 180,000
At the close, the KSE-100 index recorded gains of 982 points (+0.54% DoD) to close at 182,242.
Market activity remained healthy as traded volume reached 943.7 million shares with a total turnover of Rs38.3 billion. CNERGY led the volume chart with 151.7 million shares traded.
The benchmark index ended the week on a negative note, losing 3,130 points (-1.69%) to close at 182,242. During the week, it touched an intraday high of 188,127 and a low of 179,411, reflecting heightened volatility amid evolving geopolitical developments.
Moving forward, market direction is likely to remain driven by geopolitical developments and the outcome of the expected US-Iran talks, while the ongoing corporate earnings season may provide stock-specific opportunities.Latest News, Breaking News & Top News Stories | The Express TribuneOur CorrespondentRead More