Karachi, January 31, 2025: The Pakistan Stock Exchange (PSX) ended the business week on a strong note, with the KSE-100 index surging 1,049.32 points, or 0.93 percent, to close at 114,255.72. The market saw a high of 115,071.16 and a low of 113,692.87 during intra-day trading, with the index rising by as much as 1,562.35 points at one stage. Trading activity remained robust, with 129.5 million shares changing hands, amounting to a total turnover of Rs 8.76 billion.
Investor confidence remained strong as the market responded positively to multiple factors, including strong corporate earnings expectations, the IMF’s proposed measures to reduce gas-sector circular debt, and commitments from a US investor delegation.
A day earlier, PSX witnessed a sharp recovery, with the KSE-100 index surging over 1,700 points, or 1.54 percent, to close at 113,206.40 after three consecutive losing sessions. Key contributors to the rally included Mari Petroleum, which saw a 10 percent increase, Bank AL Habib rising by 5.82 percent, and Lucky Cement gaining 3.49 percent.
The cement, automobile, and exploration sectors led the market’s rebound, with strong domestic buying helping to sustain momentum. However, foreign investors remained net sellers, offloading shares worth Rs 2.2 billion. In total, 272 stocks advanced while 118 declined.
Analysts expect the market to maintain its upward trajectory in the coming weeks, with corporate earnings reports and the IMF review in February serving as key drivers. With improved stability and renewed investor confidence, PSX appears poised for further growth.Top of Form
