KSE 100 Index Rebounds
Staff Report
Islamabad: KSE 100 Index rebounded on Friday and gained to close at 107,175 level (up by +3.5%), recouping some of the previous day losses (yesterday KSE 100 Index declined to close -6.7% lower). This recovery was on account of optimism on IMF Executive Board meeting scheduled to consider Extended Fund Facility (EFF) program, where market expects smooth approval. Overall decline in cross-border hostilities also provided a stimulus to investor sentiment
Traded value-wise PSO (PKR1.97bn), MARI (PKR1.82bn), OGDC (PKR1.67bn), SNGP (PKR1.63bn), PPL (PKR1.22bn), FFC (PKR1.17bn), UBL (PKR1.14bn), LUCK (PKR1.06bn), and MLCF PA (PKR839mn) dominated the trading activity.Pakistan Stock Market Rises 515 Points
Top positive contribution to the index came from LUCK, MARI, HUBC, HBL, FFC, PPL, OGDC, ENGROH, EFERT and PSO, as they cumulatively contributed +1,923 points. Traded volume and value for the day stood at 513mn shares (down by 21% DoD) and PKR29bn (down by 18% DoD) respectively.
