The Pakistan Stock Exchange staged a strong recovery on Friday, reversing losses from the previous session. The benchmark KSE-100 Index surged by 1,754 points to reach 183,013.84 by 9:45am. Consequently, investor confidence returned after Thursday’s market decline.
Strong Buying Lifts Market Sentiment
Trading activity remained exceptionally robust during the first hour of the session. More than 140 million shares changed hands, while turnover exceeded Rs5.7 billion.
Market breadth also reflected widespread optimism. A total of 335 companies recorded gains, compared with 81 decliners. Meanwhile, 148 stocks remained unchanged.
The All Share Index, KSE-30, KMI-30, and BKTI also posted solid gains. Each index climbed close to or above one percent during early trading.
Investors Return After Thursday’s Decline
Analysts attributed the rally to renewed investor confidence and aggressive bargain hunting. Buying activity remained particularly strong in energy, banking, and industrial stocks.
Furthermore, investors appeared willing to increase exposure despite ongoing geopolitical uncertainty and elevated global oil prices. The broad-based gains suggested improving market sentiment ahead of the weekend.
The sharp rebound highlighted the resilience of Pakistan’s equity market. It also indicated that Thursday’s losses were likely a temporary correction rather than the beginning of a prolonged downturn. As a result, the market regained momentum and comfortably crossed the 183,000-point mark during early trading.
