Heavyweight stocks drive gains as KSE-100 closes at 171,175
Image: Reuters
The Pakistan Stock Exchange (PSX) ended Thursday’s session on a positive note, with the benchmark KSE-100 Index gaining 984.86 points, or 0.58%, to close at 171,175.51.
The market remained volatile throughout the day amid ongoing geopolitical uncertainty in the Middle East. However, strong buying in heavyweight stocks helped the index recover and finish firmly in the green.
Major contributors to the rally included Fauji Fertiliser Company (FFC), Pakistan Petroleum Limited (PPL), and Oil and Gas Development Company (OGDC), which collectively added significant points to the benchmark index.
Investor confidence improved as concerns over a wider escalation in US-Iran tensions eased, while stable global oil prices also supported market sentiment.
Trading activity remained robust, with 697 million shares exchanged and total turnover reaching Rs26.14 billion.
Among the most active stocks, Beco Steel led volumes with over 113 million shares traded. Pakistan International Bulk Terminal and WorldCall Telecom also attracted strong investor interest.
Overall, 492 companies participated in trading. Of these, 316 stocks closed higher, 128 declined, and 48 remained unchanged.
Despite the day’s gains, foreign investors remained net sellers, offloading shares worth Rs831.5 million, according to data from the National Clearing Company.
