The Pakistan Stock Exchange (PSX) on Friday snapped its losing streak with the benchmark KSE-100 Index gaining nearly 1,600 points.
At close, the benchmark index settled at 172,400.73, a gain of 1570.51 points or 0.92%.
Buying interest emerged across several major sectors, notably automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration firms, oil marketing companies, and refineries. Heavyweight index stocks such as ARL, PRL, HUBCO, MARI, OGDC, PPL, PSO, WAFI, HBL, MCB, and NBP all closed higher, providing selective support to the market.
The Pakistan Stock Exchange ended Wednesday’s session on a muted note. Investor caution during the roll-over week prompted selective profit-taking in key heavyweight stocks, which outweighed improved trading volumes and pushed the main indices into the red. The benchmark KSE-100 Index fell by 243.51 points, or 0.14%, to close at 170,830.22.
Meanwhile, the Pakistani rupee posted a marginal gain against the US dollar in the interbank market on Friday, appreciating by 0.01%. By the close of trading, the local currency settled at 280.17 per dollar, strengthening by Rs0.03 compared to the previous session, when it had ended at 280.20.
