Overview
- The benchmark closed at 161,935.19 after a gain of about 1,278 points, touching an intraday high near 162,119 as breadth stayed positive with 276 advancers versus 155 decliners.
- Turnover eased to roughly 673 million shares with traded value around Rs34.6 billion, following Thursday’s heavy session.
- The two-day surge followed the National Assembly’s approval of the 27th Constitutional Amendment and expectations of an IMF disbursement of roughly $1.2 billion in December.
- Cement, banking, oil and gas, and power names led Friday’s advance, with heavyweights such as Habib Bank, United Bank, Maple Leaf Cement, OGDC, PPL, Hub Power and Pioneer Cement contributing to gains.
- Foreign investors were net sellers by about Rs785 million on Friday after Rs656 million of outflows the previous session, while inflation data showed the SPI up 4.15% year-on-year and 0.53% week-on-week, keeping risks in focus.