The Pakistan Stock Exchange (PSX) ended Friday’s trading session on a strong bullish note as investor confidence returned after the Eid holidays. The benchmark KSE-100 Index surged by 2,238 points, or 1.3%, to close at 173,963 points compared to the previous close of 171,725 points.
Investor Optimism Lifts Market Sentiment
Market analysts said the positive momentum at the exchange was largely driven by improving global sentiment and optimism surrounding a possible peace agreement between the United States and Iran. Investors remained active throughout the session, helping the benchmark index maintain gains during the trading day.
The bullish momentum reflected renewed confidence among market participants, especially in heavyweight sectors including fertilizers, banking, cement, and oil-linked stocks.
Major Stocks Drive KSE-100 Index Higher
The top positive contribution to the KSE-100 Index came from major listed companies including Fauji Fertilizer Company (FFC), Engro Holdings (ENGROH), Lucky Cement (LUCK), Engro Fertilizers (EFERT), Bank AL Habib (BAHL), and Habib Bank Limited (HBL).
These companies collectively added around 1,484 points to the benchmark index, making them the key drivers behind Friday’s strong market performance.
Trading Activity Remains Strong
In terms of traded value, FFC led the market with trading worth PKR 3.73 billion. Other actively traded stocks included DG Khan Cement (DGKC) with PKR 2.34 billion, TRG Pakistan (TRG) with PKR 2.30 billion, Lucky Cement (LUCK) with PKR 1.83 billion, National Bank of Pakistan (NBP) with PKR 1.75 billion, and Maple Leaf Cement Factory (MLCF) with PKR 1.74 billion.
Overall traded volume at the Pakistan Stock Exchange stood at 550 million shares, while the total traded value reached PKR 40.8 billion during the session.
Outlook For The Stock Market
Analysts expect market sentiment to remain positive in the coming sessions if global geopolitical tensions continue to ease and foreign investor confidence improves. Investors are also closely watching economic developments and corporate earnings for further direction in the stock market.
