Pakistan’s benchmark index gained 0.67% as selective buying in heavyweight stocks helped the market recover part of the previous session’s sharp losses.

Pakistan’s benchmark KSE-100 Index rebounded on Thursday, gaining 1,128 points, or 0.67%, to close at 169,150, as selective buying helped the market recover part of the previous session’s sharp decline.

The index traded between an intraday low of 168,223 and a high of 169,577, highlighting continued volatility despite the positive close.

Selective Buying Supports Recovery

The recovery was supported by selective buying in several index-heavy stocks following the recent market correction. Investors picked up positions in key companies, helping the benchmark regain some of its previous losses.

Despite the recovery, market sentiment remained cautious as investors continued to monitor global oil prices, geopolitical developments and domestic macroeconomic indicators.

Institutional flows also remained an important factor for market direction, with investors closely assessing the broader economic and external account outlook.

UBL, PPL Lead Gains

UBL, PPL, MARI, BAFL and HBL were among the major contributors to the index’s recovery. The five stocks collectively added approximately 493 points to the KSE-100.

However, gains were partly offset by selling in NBP, GHNI and FFC, which collectively dragged the benchmark down by around 88 points.

The mixed performance of major index constituents reflected continued stock-specific activity as investors reassessed positions following the recent correction.

Trading Activity

Market participation remained active during the session, with total market volume reaching approximately 386.4 million shares.

Traded value stood at around PKR20.1 billion, indicating continued participation despite the cautious overall sentiment.

The KSE-100’s recovery provides some relief after the previous session’s decline, although investors are expected to continue tracking external and domestic developments for further market direction.