Skip to content
Breaking News

Breaking News

  • Home
  • World
  • Business
  • Health
  • Entertainment
  • Life Style
  • Sports
  • Toggle search form
PSX sees strong rally, Index climbs 1,000 points | The Express Tribune

PSX sees strong rally, Index climbs 1,000 points | The Express Tribune

Posted on January 31, 2025 By Admin No Comments on PSX sees strong rally, Index climbs 1,000 points | The Express Tribune


Listen to article

The Pakistan Stock Exchange (PSX) recorded a positive performance at the end of the business week, with the index rising by 1,562.35 points with the benchmark index rising by 1.38%.

The market’s current index stood at 114,768.75 points during intra-day trading.

PSX marking an increase of 1,562.35 points from the previous session’s closing of 113,206.40 points.

During the intra-day trading, the KSE-100 index reached a high of 115,071.16 and a low of 113,692.87.

The trading volume reached over 129.5 million shares, with a total value of approximately Rs 8.76 billion.

KSE-100 index closed at 114,255.72, rising by 1,049.32 points or 0.93% compared to the previous close.

Investors were optimistic about the market’s performance, which continued to show resilience despite global economic uncertainties.

Yesterday, the Pakistan Stock Exchange (PSX) experienced a strong recovery on Thursday, with the KSE-100 index surging over 1,700 points to close above 113,200, after three consecutive negative sessions.

This rebound was driven by optimism surrounding corporate earnings, an IMF proposal to reduce gas-sector circular debt, and commitments from a US investor delegation.

Trading activity remained robust, with 484 million shares traded, totaling Rs26 billion in value. Key contributors to the rally included Mari Petroleum (+10%), Bank AL Habib (+5.82%), and Lucky Cement (+3.49%).

Analysts expect further upward momentum, focusing on upcoming corporate earnings and the IMF review in late February.

The index closed up by 1,719 points (1.54%) at 113,206.40. Key sectors such as cement, automobile, and exploration showed strong performance, fueling the market rebound.

Despite strong domestic buying, foreign investors sold shares worth Rs2.2 billion. Overall, 272 stocks advanced, while 118 declined, with Sui Southern Gas Company leading in volume.

The outlook for the market remains positive, with expectations of continued stability following upcoming results and IMF discussions



Source link

Business Tags:114, 768.75, financial news, index rise, market change, market surge, market update, stock index, stock market, stock performance, trading volume

Post navigation

Previous Post: Caroline Kennedy Calls RFK Jr. a ‘Predator’ in Letter to Senators
Next Post: Ghosts of past spies haunt London underground tunnels

More Related Articles

Despite discontent, over 98% Vistara pilots sign new contract – Times of India Despite discontent, over 98% Vistara pilots sign new contract – Times of India Business
Behind the Big Changes at ‘Wheel of Fortune’ Behind the Big Changes at ‘Wheel of Fortune’ Business
Gold prices in Pakistan Today – December 20, 2025 | The Express Tribune Gold prices in Pakistan Today – December 20, 2025 | The Express Tribune Business
How a Drug Maker Profited by Slow-Walking a Promising H.I.V. Therapy How a Drug Maker Profited by Slow-Walking a Promising H.I.V. Therapy Business
Fuel could hit Rs1,000 per litre if shortage emerges, warns petroleum minister – SUCH TV Fuel could hit Rs1,000 per litre if shortage emerges, warns petroleum minister – SUCH TV Business
Indias Coffee Exports Hit USD 1.8 billion In FY25, Continues Four-Year Growth Streak Indias Coffee Exports Hit USD 1.8 billion In FY25, Continues Four-Year Growth Streak Business

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • PCB opens direct signings for PSL 12, sets January 23 for player auction – SUCH TV
  • Gabby Petito court battle could decide whether Charlie Kirk family can prevail in Utah wrongful death lawsuit
  • Saving scheme to set aside £10 a week for children in care
  • Pakistan overtake Australia in ICC ODI rankings
  • Christina Applegate reveals she was misdiagnosed with multiple sclerosis:

Categories

  • Business
  • Entertainment
  • Health
  • Life Style
  • Sports
  • World

Copyright © 2026 Breaking News.

Powered by PressBook Blog WordPress theme