The Pakistan Stock Exchange (PSX) surged on Friday as investor confidence boosted buying across key sectors. The KSE-100 Index crossed 134,000 points, supported by gains in auto, energy, and refinery stocks. This rally reflects growing market optimism around Pakistan’s economic outlook.
Market Performance and Momentum
The benchmark KSE-100 Index moved between 134,130 and 134,931 during the day. It closed at 134,299.77, up by 517 points or 0.39%. Weekly performance also remained strong, with a 1.8% rise reported by Arif Habib Limited.
Despite minor declines in some financial stocks, the overall momentum remained positive. Market participants showed strong interest in cyclical and energy sectors.
Read: KSE-100 Hits Record High as PSX Rally Gains Momentum
Sector Highlights and Top Movers
Buying interest was broad-based. Auto assemblers, power producers, oil marketing companies, and refineries led the gains. Cement stocks also supported the rally.
Major gainers included:
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United Bank Ltd (UBL): +2.4%
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Hub Power Company (HUBC): +1.6%
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Millat Tractors (MTL): +2.76%
On the flip side, top laggards were:
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Bank Al Habib: -3.3%
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MCB Bank: -1.04%
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Habib Bank: -1.22%
Corporate Announcements Boost Sentiment
United Bank posted earnings per share (EPS) of Rs26.07 for the first half of FY25—up 99% year-on-year. The company also declared a Rs19 per share dividend. While earnings met expectations, the dividend exceeded market forecasts, further boosting sentiment.
Trading Activity and Technical Outlook
KTrade Securities noted that the market closed at an all-time high. Trading volumes touched 765 million shares, slightly down from Thursday. However, the overall trade value remained strong at Rs40.1 billion.
Out of 477 active companies, 220 advanced, 228 declined, and 29 remained unchanged.
Technically, analysts see strong support near the 132,000 mark. AHL notes that 136,000 remains the next key resistance. With positive sentiment intact, analysts expect buying momentum to continue in coming sessions.
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