KARACHI: Pakistan’s stocks gained 47 points on Friday amid profit taking witnessed on the last trading day of the week.
The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) ended at 45,910 points as against previous day’s closing of 45,863, showing an increase of 47 points.
Analysts at Topline Securities said that the KSE-100 index largely remained in the positive session during the trading session, but some profit taking was observed in the second half of trading session as the index settled at 45,910 level, up by 0.10 per cent.
Major contribution to the index came from FFC, MTL, PSO, OGDC and SHEL, as they cumulatively contributed 108 points to the index, whereas on the other hand SYS, POL, MEBL, TRG and FCCL lost value to weigh down on the index by 59 points.
Traded volume and value for the day stood at 191 million shares and Rs8.85 billion, respectively.
WTL was today`s volume leader with about 12.8 million shares.
Market participants remained cautious as investors continued to book short-term profits amid uncertainty in the broader economic outlook. Analysts suggest that the index may stay range-bound in the coming sessions, with selective buying expected in blue-chip stocks. Attention remains on corporate earnings announcements and macroeconomic indicators, which are likely to influence market direction. Overall sentiment reflects a balanced mix of optimism and caution, as traders await clearer signals from fiscal and monetary developments in the near term.
