PSX rebounds, gains over 1,700 points

After two days of downtrend, the Pakistan Stock Exchange (PSX) witnessed strong bullish momentum in early trading on Friday, with the benchmark KSE-100 Index climbing over 1,700 points before the market was suspended for Friday prayers.

According to the latest available data, the KSE-100 Index stood at 182,989.51 points, reflecting a gain of 1,729.84 points or 0.95 percent from the previous close of 181,259.67 points. During the session, the Index touched a high of 183,477.57 points and a low of 181,880.54 points.

Trading volume reached 211.35 million shares, while the total value of shares traded amounted to Rs16.51 billion. The positive movement came amid broader market optimism, though specific sector drivers were not immediately detailed in the midday update.

The market was suspended as per routine practice for Friday prayers. Trading is expected to resume later in the afternoon, subject to standard PSX operating hours.

Read: Persistent selling caps PSX near 180,000

Market participants noted steady buying interest in key sectors, helping the Index maintain gains above the 182,000 level.

The session’s performance builds on recent trends influenced by developments in monetary policy, oil prices, and expectations around economic reforms. Investors remain cautious ahead of key triggers in the coming weeks, including any fresh policy signals from the State Bank of Pakistan and global commodity movements.

The KSE-100 Index has shown resilience in recent sessions despite volatility linked to external factors. Sustained foreign investor interest and local institutional buying have been cited as supportive factors in recent weeks.

Full market activity for the day will be clearer once trading resumes post-prayer suspension.