Overview
- KSE-100 touched 174,411 intraday before closing at 173,896, up about 1,496 points, according to PSX data.
- Deputy PM Ishaq Dar said the UAE plans to acquire Fauji-related shares and that $1 billion could be converted or rolled over, with talks to reinvest an additional $2 billion and a share acquisition targeted by March 31, 2026.
- Trading was heavy with 858.054 million shares changing hands and Rs42.867 billion in value, lifting market capitalization to Rs19.590 trillion.
- Fauji Fertiliser Company, UBL, PTCL, Engro Fertilisers and Systems Ltd were leading contributors, adding 957 points to the index, brokerage data showed.
- The surge capped a year in which the KSE-100 returned roughly 48% per Topline Securities, while a separate report of a major PIA privatisation circulated without corroboration.