KSE-100 Index Soars Past 120K
Staff Report:
Islamabad: Pakistan Stock Exchange kicked off the day with a positive rally, as the benchmark KSE-100 index soared past the 120,000 milestone, marking an intraday high of 1,135 points. However, the index couldn’t hold on to the momentum and closed just shy at 119,931 — still locking in impressive gains.
Investor sentiment remained upbeat, particularly in large-cap stocks, which drew considerable interest. Notably, NBP, BAHL, UBL, OGDC, and PPL collectively contributed around 480 points to the index’s rise.
The refinery sector also saw increased activity following the government’s approval to clear Rs34 billion in pending dues through petroleum pricing. This move paves the way for all five refineries to initiate $6 billion in upgrade projects. Stocks like NRL, PRL, and ATRL closed higher in response to the development.KSE 100 Index declined 1.17% on Weekly Basis
Market participation remained robust, with traded volumes hitting 667 million shares and a total traded value of PKR 26.61 billion. K-Electric (KEL) led the volume board with 103 million shares changing hands.
