Overview
- The KSE-100 added about 1,278 points on Friday to finish at 161,935.19, building on Thursday’s sharp rebound.
- Thursday’s session had surged roughly 2,474 points to 160,657 on improved perceptions of political stability following the 27th Constitutional Amendment.
- Heavyweights in banking, oil and gas, cement, power and energy led gains, with Habib Bank, United Bank, Maple Leaf Cement, OGDCL, PPL, Hub Power and Pioneer among key contributors.
- Maple Leaf Cement’s plan to acquire Pioneer Cement, alongside its and Maple Leaf Capital’s existing 18.6% stake in Pioneer, reinforced sector momentum.
- Turnover on Thursday reached about 797 million shares with Rs35.12 billion traded and market capitalization near Rs18.29 trillion, even as foreign investors recorded net selling of roughly Rs656 million and analysts cautioned about macro and geopolitical risks.