Moody’s rating boost drives Pakistan Stock Exchange higher – SUCH TV

The Pakistan Stock Exchange (PSX) began Friday’s session on a strong footing, with investor sentiment buoyed by Moody’s decision to upgrade Pakistan’s credit rating.

By the Friday prayers break, the PSX benchmark KSE-100 index had surged 442.03 points, or 0.30 percent, reaching 146,971.33.

Out of 455 companies traded so far, 283 saw gains in share prices, 151 recorded losses, while 17 remained unchanged.

Analysts say the upward momentum reflects growing optimism over Pakistan’s economic outlook and macroeconomic stability, with Moody’s upgrade seen as a vote of confidence in the country’s recovery prospects.

Investors hailed the development, anticipating fresh opportunities in key sectors.

In contrast, the last trading session on Wednesday had closed in the red, with the index shedding 476.02 points (0.32 percent) to settle at 146,529.31.

On Friday, a total of 647,094,379 shares changed hands, compared to 691,658,929 in the previous session, while the traded value stood at Rs 40.896 billion, down from Rs 44.579 billion on Wednesday.

As many as 487 companies transacted their shares in the stock market, 199 of them recorded gains and 240 sustained losses, whereas the share price of 48 companies remained unchanged.

The three top trading companies were Yousuf Weaving with 51,807,110 shares at Rs 6.14 per share, Aisha Steel Mill with 48,592,372 shares at Rs12.92 per share and Bank of Punjab with 33,751,962 shares at Rs 14.26 per share.

Hoechst Pakistan Limited witnessed a maximum increase of Rs 201.10 per share price, closing at Rs 3,225.80, whereas the runner-up was Sindh Abadgars Sugar Mills Limited with Rs28.52 rise in its per share price to Rs 313.67.

PIA Holding Company LimitedB witnessed a maximum decrease of Rs328.13 per share closing at Rs 28,671.87 followed by Unilever Pakistan Foods Limited with Rs61.61 decline in its share price to close at Rs31,959.00.

Meanwhile, in the future market, as many as 323 companies traded shares in the market out of which 149 witnessed gain, 168 loss where the prices of 6 companies remained unchanged.