The Pakistan stock market experienced a day of significant fluctuation on Friday, ultimately closing with substantial gains as the benchmark KSE-100 index recovered from a steep intra-day low to surge by nearly 1,000 points.
The KSE-100 index ultimately settled at 173,169.71, marking an increase of 999.42 points, or 0.58 per cent, from the previous session. The day”s trading was characterised by considerable volatility, with the index fluctuating within a wide range of over 4,500 points, hitting a high of 174,148.33 and a low of 169,592.53.
Similarly, the KSE-30 index also recorded a positive performance, climbing 384.11 points, or 0.73 per cent, to conclude the session at 53,042.90. It traded between a high of 53,312.50 and a low of 51,915.04.
The positive momentum in the indices contributed to an expansion in overall market capitalisation, which rose to PKR 19.60 trillion from PKR 19.51 trillion on the preceding day.
Despite the bullish close, market activity indicated a degree of caution among investors. The regular market turnover saw a slight dip in volume to 537.65 million shares, compared to 542.98 million shares in the prior session. The traded value experienced a more pronounced decline, falling to PKR 23.79 billion from Thursday”s PKR 27.36 billion.
Activity in other market segments showed mixed results. The Deliverable Futures Contracts (DFC) segment witnessed an increase in turnover to 166.02 million shares but a decrease in traded value to PKR 7.12 billion. Meanwhile, trading in the Odd Lot (ODL) segment diminished considerably.