The Pakistan Stock Exchange concluded Friday’s trading session with substantial gains, as the benchmark KSE-100 Index increased by 1,304 points. This 0.99 per cent rise brought the index to a closing value of 166,678, driven by positive institutional activity.
The trading session maintained a strong positive trend throughout the day. Market analysts attributed the rally to significant institutional purchases following media reports that the Prime Minister has directed the Federal Board of Revenue to reduce super tax rates for large corporations.
Economic data released Friday showed the Sensitive Price Index increased 4.32 percent compared to the same period last year. The index also rose 0.73 percent from the previous week ending November 27.
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Technology, exploration and production, power, and cement sectors demonstrated particularly strong performance during Friday’s session. Leading companies including Systems Limited, Pakistan Petroleum, Hub Power Company, Oil and Gas Development Company, and Lucky Cement collectively contributed 609 points to the index’s gains.
Trading volume reached 589.7 million shares with a total value of Rs41.9 billion. Sui Southern Gas Company led volume charts with 39.1 million shares traded. Friday’s strong performance completed a successful week for the Pakistan Stock Exchange, with the KSE-100 Index gaining 4,575 points overall. This represents a 2.82 percent increase for the week.
Market analysts anticipate continued positive momentum, suggesting the index could test new resistance levels. Technical analysis indicates the 165,000 point level may provide initial support if any market correction occurs. In corporate developments, Ghandhara Industries announced a new collaboration with China’s Zhongtong Bus Holding to manufacture and distribute luxury buses in Pakistan, contributing to positive market sentiment.
