PSX rebounds as KSE-100 gains 575 points on value buying

The Pakistan Stock Exchange (PSX) closed on a positive note on Friday as value hunting supported a recovery in select stocks. The benchmark KSE-100 Index rose 575 points to settle near 177,170.

PSX witnessed a positive session today, with the KSE-100 Index gaining 575 points (+0.33% DoD) to close at 177,167.

During the session, the power sector led the recovery, with HUBC attracting value hunters after declining nearly 14% from its recent high of Rs227.9 (on August 10), said Ali Najib, Deputy Head of Trading at Arif Habib Ltd at around Rs200, the stock offered an anticipated dividend yield of nearly 10%, while its diversified portfolio in different growth businesses story further strengthened investor interest.

Meanwhile, reports of a refinery agreement expected to be signed within the next 10 days kept the refinery sector in the green, with PRL and CNERGY hitting their upper circuits (+10%).

Read: Oil refineries urged to swiftly upgrade plants

On the corporate front, ENGROH reported 2QCY26 EPS of Rs7.45, down 70% YoY and 7% QoQ.

On the index contribution front, OGDC, HUBC, ATRL, SRVI, PPL, MARI, CNERGY, LUCK, FATIMA, and PSO collectively added 672 points to the benchmark index.

Market activity remained relatively subdued, with traded volume reaching 677 million shares and total turnover of Rs35.5 billion. CNERGY topped the volume chart with 250 million shares traded.

The KSE-100 Index ended the week on a negative note, declining 2,938 points (-1.63% WoW) to close at 177,167. During the week, the index traded between an intraday high of 181,159 and a low of 176,111, amid profit-taking and renewed geopolitical uncertainty that weighed on investor sentiment.

Going forward, heightened volatility and selective profit-taking are expected, with geopolitical developments and oil prices remaining key drivers of market direction.