Pakistan Stock Exchange ends week on positive note

Pakistan Stock Exchange (PSX) on Friday maintained its positive momentum by gaining more than 680 points amid expectations of an imminent policy rate cut, significant strides in circular debt restructuring, and sustained bullish investor sentiment, reported 24NewsHD TV channel.

The benchmark KSE-100 Index gained 685.52 points, or 0.6%, closing at 114,398.69. The index touched an intraday high of 114,721.58, while the lowest level was recorded at 114,169.19.

Buying activity was noted in key sectors such as commercial banks, fertilizer, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries.

Earlier on Thursday, the PSX had witnessed a strong recovery with the benchmark KSE-100 Index surging by 1,459.42 points, or 1.3%, to close at 113,713.18 points.

On Thursday, a total of 373,093,763 shares were entertained during the day as compared to 263,963,740 shares the last working day, whereas the price of shares stood at Rs 26.249 billion against Rs 13.731 billion on the previous trading day.

As many as 441 companies transacted their shares in the stock market, 220 of them registered gains, and 142 met losses, whereas the share price of 79 companies remained unchanged.

Reporter: Ayaz Rana