The Pakistan Stock Exchange (PSX) continued its trend on Friday, with the KSE-100 reference index earning 489.75 points, a current index at 131.176.40-roseing 0.37% during the negotiation.
The index reached a high height of 131.411.40 and a low of 130,716.10 during the meeting.
The volume of trading amounted to 73.6 million shares, with a total value of more than 7.7 billion Rs, reflecting continuous purchasing activity in various sectors.
Friday’s session followed a similar trend observed the day before, when the index closed on 130.686.65.
Earlier on Thursday, the KSE-100 index expanded its upward orbit to close to a new high-end high with an addition of 342.63 points.
Reading: Stocks continue Taurus, arrive at Fresh Peak
The race was driven by areas of heavy markers, especially oil and gas, banking and power. However, the overall negotiation remained mixed.
Among the large actuators, Pakistan’s foreign exchange reserves increased $ 5.1b to $ 14.5B by the end of FY25.
“Stocks closed higher in a new high -end high, as the government has reduced NSS rates (national savings system), which will push investors to state bank stocks and Forex stocks hit $ 14.5B,” said Arif Habb Corp Md Ahsan Mehaanti.
Arif Habib Limited (AHL) said the KSE-100 index showed two-way volatility around the level of 130,000, but managed to keep the basic level in closure.
About 53 shares proceeded and 46 decreased. The main rates in the index profits were the oil and gas development company (+2.77%), UBL (+1.32%) and Hub Power (+2.26%).
On the other hand, Bank Al Habib (-4.14%), MCB Bank (-2.46%) and Meezan Bank (-1.6%), said.
WorldCall Telecom was the volume leader with a trading in 49.5 million shares, a drop of Rs0.02 to close in RS1.59.
Followed by Pakistan’s image with 36.7 million shares, increasing RS2.87 to close on RS32.47 and Punjab Bank with 35.1 million shares, losing RS0.02 to close on RS11.52.
Foreign investors sold RS909M shares, the National Clearing Society said.
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