Karachi, January 10, 2025 – The Pakistan Stock Exchange (PSX) closed on a strong note Friday, with the benchmark KSE-100 index gaining 609 points, as institutional buying during the second half drove the market to positive territory. The index ended at 113,247 points, rebounding from the previous day’s closing of 112,638 points.
According to analysts at Topline Securities Limited, the PSX initially faced selling pressure, with the market opening on a negative note and remaining in the red during the first trading session. The benchmark index hit an intraday low of -625 points (-0.55%) during the early hours. However, the tide turned in the second half when institutional investors seized the opportunity to “buy the dip,” leading to a recovery that lifted the index to a 0.54% increase by the close.
Trading activity at the PSX was dominated by key sectors and prominent stocks. Notably, AIRLINK led in terms of traded value, recording $10.54 million, followed by OGDC at $7.63 million, PPL at $5.86 million, PSO at $4.64 million, and FFC at $3.2 million. These stocks collectively played a pivotal role in shaping the day’s market performance.
The top contributors to the positive index movement included OGDC, PPL, BAHL, HMB, DGKC, and FCCL, which cumulatively added 773 points. Their performance underscored the resilience of the market and investor confidence in these key players.
Overall, the trading volume and value at the PSX were robust, with 498 million shares traded, translating to a total value of PKR 27.8 billion ($89 million). The significant turnover reflects heightened investor activity and interest in the equity market despite the initial bearish trend.
Market participants noted that the buying momentum in the latter half was primarily driven by favorable valuations and a broader sense of optimism about the market’s potential for recovery. The recovery at the PSX highlights the continued role of institutional players in stabilizing the market and driving positive sentiment.
As the PSX navigates through volatile trading sessions, the performance on Friday stands as a testament to the resilience of the Pakistani equity market and its ability to attract investment interest amid fluctuations. The focus remains on how the PSX sustains this momentum in the sessions ahead.