Islamabad, Dec 27: The Pakistan Stock Exchange (PSX) concluded a turbulent week on a positive note, with the benchmark KSE-100 Index gaining over 900 points on Friday. The index surged by 928 points, closing at 111,351 points, marking a 0.83% increase from the previous trading session.
During the day, 815,920,043 shares were exchanged, a notable rise from the 628,026,201 shares traded the day before. The total value of the traded shares stood at Rs. 32.9 billion, slightly down from Rs. 33.58 billion on the prior trading day. Out of the 443 companies that transacted shares, 223 saw their stock prices rise, while 176 recorded losses, and 44 companies’ share prices remained unchanged.
The trading week, which spanned four days due to the public holiday on December 25, began on a high note as the KSE-100 Index recorded its second-largest single-day gain, rising by 4,411 points. However, the market faced a setback on Tuesday, with the Index dropping by 1,509 points. Analysts pointed to rising leverage positions as a key factor behind the market’s downturn.
Following the public holiday on Wednesday, the market remained under pressure on Thursday, with the KSE-100 Index plunging by 1,991 points, closing at 110,423 points. Despite these fluctuations, Friday’s rally helped the market end the week on a more optimistic note.
