The Pakistan Stock Exchange (PSX) had a mid-session bounce on Friday, with the benchmark KSE-100 Index rebounding by more than 200 points after early selling pressure.
The index began lower, reaching an intra-day low of 115,580.01, but buying action in the second half pushed it to 117,586.98 points at the close, representing a 321.96-point advance or 0.27%.
Key sectors such as vehicle assemblers, cement, chemical, commercial banks, and oil and gas experienced initial selling pressure, with heavyweights such as HUBCO, PSO, MARI, and UBL trading down. However, market mood strengthened as investors took advantage of good values.
“Equities, particularly cyclicals, present attractive opportunities for investors as the country gradually transitions from stabilisation to growth,” says Intermarket Securities.
The most traded equities were WTL, CNERGY, FCCL, and FFC. Meanwhile, the day’s biggest gainers were Tri-Star Power, Deewan Textile, Asim Textile, and Pak Gulf Leasing.
The previous session on Thursday saw the KSE-100 settle practically flat at 117,119.65 points, up 111.57 points following a wild trading day.
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