Share prices consolidated their gains at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark index soaring to a new all-time high. Trading activity reflected renewed investor confidence, driven by economic stability and strategic diplomatic developments. During intraday trading, the PSX’s KSE-100 Index climbed 652.76 points, or 0.41 percent, to reach 158,606 points, marking another record for the national bourse. Out of 439 companies that transacted shares, 256 posted gains, 166 incurred losses, and 17 remained unchanged. Analysts attributed the rally to Pakistan’s recently signed Strategic Mutual Defence Agreement (SMDA) with Saudi Arabia during Prime Minister Shehbaz Sharif’s visit to Riyadh. The pact ensures that any aggression against either country will be treated as an attack on both, sending a positive signal of stability to the market. The previous day, the KSE-100 Index had surged 1,775.65 points, a 1.14 percent rise, closing at 157,953.47 points. Market activity remained robust, with 1,959,100,058 shares traded, valued at Rs56.93 billion, up from 1,499,302,473 shares worth Rs48.85 billion the day before. Top trading volumes were led by Cnergyico PK with 213,091,825 shares at Rs8.41 each, followed by WorldCall Telecom with 141,834,094 shares at Rs1.78, and Fauji Foods Ltd with 101,805,720 shares at Rs21.51. Supernet Technologies Limited recorded the highest increase, rising by Rs.89.54 to close at Rs984.93, followed by Nestle Pakistan Limited, which gained Rs75.78 to close at Rs8,425.78. On the downside, Unilever Pakistan Foods Limited lost Rs.160.72, closing at Rs.32,439.26, while Rafhan Maize Products Company Limited declined by Rs115.57 to close at Rs9,583.98. In the futures market, 358,784,000 shares were traded, valued at Rs.12.71 billion, compared to 270,465,500 shares worth Rs.12.44 billion the previous day. Among 319 companies, 246 advanced, 71 declined, and 2 remained unchanged. Leading futures turnover included KOSM-SEP with 44,666,500 shares at Rs.8.01, CNERGY-SEP with 29,877,500 shares at Rs.8.45, and FFL-SEP with 29,203,500 shares at Rs.21.63. GHNI-OCT recorded the highest gain, rising by Rs.15.44 to Rs.868.00, while GAL-OCT declined by Rs.14.00 to Rs.585.00.
PSX rallies as shares jump to all-time peak
