PSX maintains record-breaking drive | The Express Tribune
Key Takeaways
- The KSE-100 index closed at a new record high of 168,990.07, gaining 500.44 points (0.30%) on Friday.
- The fertiliser sector led the market gains, with Fauji Fertiliser Company being a top positive contributor.
- Profit-booking was observed in the banking sector during the latter part of the trading session.
- The KSE-100 index achieved a significant 4.15% gain week-on-week.
- Total traded volumes were substantial at 1.57 billion shares, with Cnergyico PK being the volume leader.
The Pakistan Stock Exchange (PSX) extended its record-breaking performance on Friday, with the KSE-100 index closing at 168,990.07, marking a gain of 500.44 points or 0.30%, and remaining just shy of the 169,000 milestone. The market saw strong momentum early on, pushing the index to an intra-day high of 169,989, but late-session profit-booking, especially in the banking sector, tempered the final gains. The fertiliser sector was the primary driver of the day's advance, with Fauji Fertiliser Company being a top contributor, while the banking sector experienced selling pressure after Thursday's rally. Overall, the week was strong, with the KSE-100 gaining 4.15% week-on-week, and brokerage houses maintain a bullish outlook for the coming week, suggesting dips as accumulation opportunities. Trading volumes remained high at 1.57 billion shares, though foreign investors recorded a net sale of Rs288.7 million.
