The Pakistan stock market experienced a robust bullish session on Friday, with the benchmark KSE-100 index climbing by nearly 1,500 points to close above the 189,000 mark, even as overall trading volume saw a noticeable decline.
The KSE-100 index concluded the day’s trading at 189,166.83, marking an advance of 1,478.66 points or 0.79 per cent. Throughout the session, the index fluctuated between a high of 189,566.64 and a low of 186,637.57.
Similarly, the KSE-30 index posted a strong performance, closing at 58,207.71. It recorded a gain of 729.47 points, which translates to a more pronounced increase of 1.27 per cent. The index reached an intraday peak of 58,355.26 and a bottom of 57,190.92.
Despite the positive index movement, the total volume of shares traded in the regular market contracted. Turnover fell to 877.56 million shares from the 1.07 billion shares traded in the preceding session. In contrast, the value of these traded shares rose significantly to PKR 58.59 billion, up from PKR 49.16 billion previously.
Reflecting the overall gains in share prices, the total market capitalisation of the exchange expanded. The market”s value settled at PKR 21.22 trillion by the close of business, compared to the previous day’s figure of PKR 21.18 trillion.