KSE-100 Index gains 1,274.55 points, closing at 101,357.32
Karachi
The KSE-100 Index wrapped up Friday’s trading session with a solid gain of 1,274.55 points, or 1.27%, closing at 101,357.32 points.
The index experienced fluctuations throughout the day, with an intraday high of 101,496.17 points, and a low of 99,822.61 points.
A total of 454.63 million shares were traded on the index. Among the 100 companies listed in the KSE-100 Index, 71 saw an increase in their stock value, 26 saw a decline, and 3 remained unchanged.
Yesterday, the Pakistan Stock Exchange (PSX) surged past the 100,000-point mark for the first time ever on Thursday, marking a historic milestone that highlighted strong investor confidence in the country’s economy, driven by improving macroeconomic fundamentals.
The benchmark KSE-100 Index crossed the 100,000-point threshold just days after the market had faced turbulence. The milestone depicted the resilience of investor sentiment and the market’s ability to rebound swiftly, traders had said.
Messages of congratulations poured in from all corners of the country soon after the share market’s historic rise. “The stock market’s surge reflected the confidence of the business community and investors in the government’s economic policies,” Prime Minister Shehbaz Sharif had conveyed to the nation.
In a special statement, the PSX celebrated the remarkable performance, delivering a 142% return over the past 17 months. “This achievement reflected growing investor confidence, improved fiscal and monetary policies, and an increasingly conducive economic environment,” it had read.
The day had begun with a strong 1% gain, propelling the KSE-100 to breach the 100,000 threshold right at the opening bell. This milestone capped an extraordinary rise from around 40,000 points earlier that year, reflecting a period of robust growth.
Although the bourse briefly retreated to 99,600 points by mid-morning due to profit-taking, momentum had quickly returned in the afternoon, and the market had pushed past 100,000 again. At the end of the trading, the benchmark index had advanced by 813.52 points, or 0.82%, to 100,082.77.
“KSE-100 Index crossing the 100,000 mark was a proud moment for Pakistan Stock Exchange and a testament to the trust of our investors and the progress of the nation’s economy,” PSX Managing Director and CEO Farrukh H Sabzwari had said.
“While this milestone demonstrated the potential of our capital market, our focus was on driving sustainable growth and working towards increasing the depth of our market and ensuring it supported the broader economic objectives of the country,” he had added.
“Expanding retail investor participation was a key priority, as it would foster inclusivity and resilience, enabling the market to grow alongside the nation’s economy.” He had stressed that the journey ahead also required broadening the base of listed companies, particularly from underrepresented sectors.
He had urged the stakeholders to use this momentum to pave the way for long-term economic and financial success. “The PSX aimed to improve Pakistan’s market capitalisation-to-GDP ratio, further complementing economic growth and increasing the market’s ability to attract long-term investments,” he had said.
