The Pakistan Stock Exchange (PSX) witnessed a sharp rebound during the final trading session of the week, with the benchmark KSE-100 index gaining 1,836.36 points to settle at 184,174.49. This 1.01% increase follows a period of intense volatility, signalling a return of investor confidence. The market opened at 183,166.67 and reached an intraday high of 186,619.52 before stabilising. The recovery was largely driven by heavyweight sectors, with Engro Corporation (ENGROH) and Lucky Cement (LUCK) leading the “pullers” pack, contributing 253.19 and 248.58 points respectively.
Market activity remained robust as the index constituent volume reached 344.19 million shares. While the market saw significant upward movement, some pressure remained in the fertiliser and banking sectors, with Fauji Fertiliser (FFC) and MCB Bank acting as the primary “draggers”. Analysts attribute this recovery to “dip-buying” by institutional investors after the previous day’s massive sell-off. With a Fiscal Year-to-Date (FYTD) return of 46.60%, the PSX continues to show long-term resilience despite short-term fluctuations.
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