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Pakistan Stocks Set Record Close As KSE-100 Jumps 1,570 Points

Analysts say a recent rate cut revived risk appetite.

Overview

  • The index ended at 172,400.73 after a 0.92% session gain, extending the week’s advance.
  • ENGROH, PPL, SYS, NBP and MLCF contributed a combined 774 points to the benchmark.
  • Turnover reached 797 million shares with Rs38 billion in value, led by Bank of Punjab at Rs3.1 billion.
  • Confidence was buoyed by the Rs135 billion Pakistan International Airlines privatisation, described as one of the country’s largest deals.
  • Liquidity signals included a T-bill sale of Rs883 billion against a Rs600 billion target with yields down 36–72 basis points, while the KSE-100 rose 0.58% for the week with average daily volume of 736 million shares.