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    Stocks end marginally higher

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    By Recorder Report

    Copyright brecorder

    Stocks end marginally higher

    KARACHI: The Pakistan Stock Exchange (PSX) closed marginally higher on Friday in a session marked by strong investor participation and heavy trading volumes across multiple sectors.

    The benchmark KSE-100 index gained 83.90 points, or 0.05 percent, to finish at 158,037.37 points compared with 157,953.47 points a day earlier. The index touched an intraday high of 159,337.46 points and a low of 157,522.00 points before settling positive.

    On Friday, the BRIndex100 settled at 16,315.72 points, gaining 8.6 points or 0.05 percent over the previous close, with a total volume of 1,797.92 million shares. The BRIndex30 ended at 52,343.51 points, up 806.21 points or 1.56 percent, with a total volume of 1,365.29 million shares.

    According to Topline Securities, following a robust positive session a day earlier, the market witnessed range-bound trading, reflecting a tug of war between optimistic investors riding the bullish momentum and cautious participants booking profits ahead of the futures contract roll-over week.

    This indecisive movement underscored investor caution amid elevated index levels and the upcoming derivatives expiry, resulting in a lack of clear directional conviction throughout the session.

    Topline noted that the highest positive contribution to the index came from HUBC, OGDC, BOP, SYS and PSO, which collectively added 663 points. On the flip side, UBL, ENGROH, HBL, FFC and MARI dragged the index down by a cumulative 248 points.

    Market activity strengthened significantly as ready market volumes surged to 2.047 billion shares from 1.959 billion shares in the previous session. Traded value jumped to Rs 69.27 billion compared to Rs 56.93 billion a day earlier, while market capitalization increased to Rs 18.574 trillion from Rs 18.541 trillion, an increase of Rs 33 billion.

    Out of 486 active scrips, 189 closed higher, 266 ended lower, and 31 remained unchanged.

    Cnergyico PK Limited remained the volume leader, with 170.3 million shares traded, closing lower at Rs 8.12. Bank of Punjab (XD) followed with 167.28 million shares, closing at Rs 26.26, while WorldCall Telecom recorded a turnover of 163 million shares to close at Rs 1.68.

    Among the top gainers, Unilever Pakistan Foods surged by Rs 210.74 to close at Rs 32,650.00, while Supernet Technologies advanced Rs 90.09 to settle at Rs 1,075.02. On the losing side, PIA Holding Company (B) dropped by Rs 769.47 to close at Rs 24,369.53, and Khyber Textile Mills fell Rs 105.42 to Rs 2,342.82.

    The BR Automobile Assembler Index closed at 25,167.52, down 89.95 points or 0.36 percent, with a total turnover of 5.71 million shares. The BR Cement Index ended the session at 13,541.89, gaining 51.72 points or 0.38 percent, on a turnover of 55.22 million shares.

    The BR Commercial Banks Index settled at 45,469.44, posting a decline of 241.43 points or 0.53 percent, with 280.81 million shares changing hands. The BR Power Generation and Distribution Index closed at 26,690.49, showing a strong increase of 867.94 points or 3.36 percent, on a turnover of 122.97 million shares.

    The BR Oil and Gas Index finished at 13,784.49, up 59.74 points or 0.44 percent, with a turnover of 101.72 million shares. The BR Technology & Communication Index advanced 60.42 points, or 1.68 percent, to close at 3,651.64, recording the highest sectoral turnover of 389.38 million shares.

    Analysts believe that despite the positive close, decliners outnumbered gainers, indicating selective buying interest and profit-taking in several key stocks ahead of the weekend.

    Copyright Business Recorder, 2025

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