Pakistan Stock Exchange Sees Uptrend as Share Prices Rise – SUCH TV

The Pakistan Stock Exchange (PSX) continued its upward momentum on Friday, supported by favourable political and economic developments.

Investor confidence improved after the National Assembly approved the 27th Constitutional Amendment, while expectations strengthened regarding the IMF’s upcoming decision to release a $1.2 billion loan tranche next month.

By the break for Friday prayers, the KSE-100 index had surged 1,011.93 points, reaching 161,669.42 points.

During the session, 459 companies were active, of which 285 advanced, 133 declined, and 9 remained unchanged.

Market analysts observed that the passage of the constitutional amendment helped ease political uncertainty, lifting investor sentiment. The anticipated IMF loan tranche further fuelled optimism in the market.

A day earlier, on Thursday, the benchmark KSE-100 witnessed a robust rally, jumping 2,473.55 points — a 1.56% increase — to close at 160,657.50 points.

Trading volumes also remained strong, with 797.17 million shares worth Rs35.12 billion traded in the ready market, compared to 757.24 million shares worth Rs33.41 billion the previous session.

Market capitalisation climbed to Rs18.29 trillion from Rs18.07 trillion.

The most actively traded stocks included Bank Makramah, with 112.16 million shares at Rs5.59, followed by Dost Steels Ltd. with 48.73 million shares at Rs8.17, and F. Nat. Equities, which recorded 40.35 million shares at Rs19.63 per share.

The top gainers were Unilever Pakistan Foods Limited, which increased by Rs546.00 to close at Rs28,999.00, and ZIL Limited, rising by Rs53.24 to close at Rs585.64.

On the other hand, the major losers were PIA Holding Company LimitedB, which declined by Rs80.91 to settle at Rs24,452.05, and Gillette Pakistan Limited, decreasing by Rs50.04 to close at Rs450.39.

Out of 324 future market companies, 263 closed higher, 56 declined, and 5 remained unchanged.