Islamabad, Jan 10: The Pakistan Stock Exchange (PSX) had a roller-coaster week, with the KSE-100 Index showing resilience by recovering from a significant loss and finishing strong. After a series of losses on the first four days, the index gained more than 600 points on Friday, closing at 113,247 points—an increase of 609 points or 0.5 percent from the previous session.
The recovery came after the index hit a low of -625 points during the trading day, demonstrating the market’s ability to rebound. Analysts at Topline Securities attributed this upward movement to institutional buying, which supported the market’s recovery by purchasing shares during the dip.
PSX Ends Week Traders exchanged 499,846,692 shares during the session, down from 695,142,411 shares the previous day.
The total value of shares traded also showed a modest increase, standing at Rs 24.82 billion, compared to Rs 24.3 billion on the prior trading day.
The trading activity involved 448 companies, with 175 registering gains, 218 experiencing losses, and 55 remaining unchanged. The biggest contributors to the index’s positive movement came from key stocks like OGDC, PPL, BAHL, HMB, DGKC, and FCCL, which collectively added 773 points to the KSE-100 Index. This market rally highlighted the resilience of major energy and cement companies, which played a pivotal role in the market’s recovery.
Meanwhile, remittances from overseas Pakistanis presented a positive economic indicator, increasing by 29 percent year-on-year to $3.1 billion in December 2024. This surge helped push the remittance total for the first half of FY25 to $17.8 billion, marking a 33 percent year-on-year growth.
Despite the strong PSX Ends Week , the KSE-100 Index still recorded a weekly decline of 3.69 percent. This drop was mainly attributed to profit-taking during the week. On average, the daily trading volume and value for the week stood at 782 million shares and Rs 31.9 billion. This performance highlights the ongoing volatility in the market, with institutional investors playing a crucial role in stabilizing the index amidst fluctuating market conditions.
