Pakistan’s stock market surges 1.92% to close the week at 61,691

Pakistan Stock Market shows improvement

KARACHI: The KSE-100 index of the Pakistan Stock Exchange (PSX) demonstrated a robust performance, surging by 1,160 points, or 1.92 per cent, day-on-day (DoD), to conclude Friday’s session at 61,691.

Pakistan Stock Exchange closing
Pakistan Stock Exchange – KSE-100 Friday closing

Throughout the day, the index remained in positive territory, reaching an intraday high of 61,779.73 (+1,248.45 points) and a low of 60,576.42 (+45.14 points).

The trading session witnessed a total volume of 295.893 million shares for the KSE-100 Index.

Over the week, the index continued its upward trajectory, marking a significant increase of 2,677 points, or 4.53 per cent, week-on-week (WoW).

This surge comes on the heels of an impressive gain of 8,611 points, or 16.59 per cent, in the month of November, representing the second-highest return in percentage terms in over a decade.

In today’s session, among the 100 index companies, 70 closed higher, 10 closed lower, 1 remained unchanged, and 19 remained untraded.

The positive performance of the KSE-100 index was bolstered by the contributions of sectors such as cement (299.16 points), automobile assembly (128.12 points), fertiliser (126.65 points), commercial banks (106.96 points), and oil and gas exploration companies (93.55 points).

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Key companies adding points to the index included MTL (115 points), ENGRO (94.81 points), LUCK (89.82 points), PPL (59.76 points), and DAWH (47.62 points).

On the flip side, the index faced resistance from Real Estate Investment Trust (-0.84 points) and Modarabas (-0.36 points).

Companies exerting downward pressure on the index were UPFL (9.33 points), POL (5.83 points), PABC (5.3 points), PSEL (3.36 points), and BOP (3.35 points).

In the broader market, the All-Share index concluded at 41,045.38, reflecting a net gain of 721.10 points.

The total market volume reached 531.334 million shares, up from 467.160 million in the previous session, while the traded value stood at Rs21.56 billion, indicating an increase of Rs2.81 billion.

A total of 214,506 trades were reported across 387 companies, with 297 closing higher, 74 closing lower, and 16 remaining unchanged.

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