Karachi, November 28, 2025 – The Pakistan Stock Exchange (PSX) witnessed a strong rally on Friday, with the benchmark KSE-100 index surging by 1,304 points amid market optimism fueled by reports of a potential reduction in the super tax rate.
The index closed at 166,677 points, significantly higher than the previous session’s close of 163,373 points.
Market analysts at Topline Securities Limited noted that the bullish momentum continued for another session, supported by renewed investor confidence and aggressive buying from local institutional investors. Data from the National Clearing Company of Pakistan Limited (NCCPL) indicated notable institutional inflows, which played a key role in driving the market upward.
The positive sentiment largely stemmed from news that Prime Minister Shehbaz Sharif had instructed the Federal Board of Revenue (FBR) to review and reduce the super tax rate imposed on major corporate entities. Market participants viewed this development as a promising step toward easing the tax burden on businesses and encouraging investment.
Several heavyweight stocks contributed significantly to the rally. SYS, PPL, HUBC, OGDC, and LUCK collectively added 609 points to the index. These sectors benefited from strong buying activity amid expectations of improved corporate earnings following a potential tax relief.
In terms of traded value, PPL led the charts with Rs 3.58 billion, followed by HUBC at Rs 2.39 billion, OGDC at Rs 2.38 billion, PIOC PA at Rs 1.82 billion, and PSO at Rs 1.74 billion. Overall, market turnover remained robust, with total traded volume reaching 590 million shares and traded value hitting Rs 42 billion, reflecting heightened investor participation and confidence.