KSE-100 index climbs 720 points despite market volatility

Pakistan Stocks - APP

Karachi, May 30, 2025 – The Pakistan Stock Exchange (PSX) witnessed a strong upward movement on Friday as the benchmark KSE-100 index gained 720 points in a turbulent trading session.

The index closed at 119,691 points, up from the previous day’s close of 118,971, reflecting a daily increase of 0.60%.

According to analysts at Topline Securities Limited, the KSE-100 index maintained its bullish momentum carried forward from the previous session. Throughout the day, the index remained predominantly in the green, despite some fluctuations in investor sentiment. This consistent upward trajectory led the KSE-100 index to settle near the 119,700 mark.

Key contributors to Friday’s gains included prominent stocks such as Fauji Fertilizer Company (FFC), Meezan Bank Limited (MEBL), Hub Power Company (HUBC), Pakistan GasPort Consortium (PKGP), Engro Fertilizers (ENGROH), and MCB Bank. Collectively, these heavyweights added approximately 668 points to the index, demonstrating strong investor confidence in these sectors.

In terms of trading activity, some of the most actively traded stocks by value included Attock Refinery Limited (ATRL) with PKR 1.66 billion, DG Khan Cement (DGKC) at PKR 878 million, HUBC at PKR 807 million, FFC at PKR 708 million, MEBL at PKR 661 million, and Mari Petroleum Company Limited (MARI) at PKR 607 million.

Despite the market’s upward momentum, overall trading volumes and value showed a decline. The day’s traded volume stood at 579 million shares, reflecting a 22% decrease compared to the previous day. Similarly, the total traded value dropped by 4.5% to settle at PKR 22.7 billion.

Market experts believe that the sustained performance of the KSE-100 index amid volatility suggests underlying investor optimism, possibly driven by expectations of economic stability and favorable corporate earnings. However, they caution that external factors and political developments could influence short-term trends in the index performance.

Investors are advised to monitor key economic indicators, fiscal developments, and global market cues that may shape the KSE-100 index trajectory.