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PSX Edges Higher After Volatile Session as Eurobond Boosts Confidence

Renewed USIran fighting near the Strait of Hormuz pushed oil prices higher, leaving the market recovery fragile.

Overview

  • The KSE‑100 finished marginally up at 174,929.69, a 153.09‑point gain after a day of large intraday swings that saw the index climb more than 1,000 points before profit‑taking cut gains.
  • Pakistan raised $3 billion in a dual‑tranche Eurobond that drew nearly $6 billion in orders, a move reported to have supported sentiment by showing strong international investor demand.
  • Trading showed higher share volumes of about 627.45 million but lower traded value at roughly Rs25.19 billion, a pattern that suggests heavy activity in lower‑priced counters rather than large value flows.
  • Brokerages said ongoing USIran hostilities and rising global oil prices are the main drivers of volatility, with several heavyweight stocks — including BAHL, UBL and PPL — dragging the index while ENGROH, LUCK and NBP provided support.
  • Early Friday trade reversed some of Thursday’s gain, with the KSE‑100 down about 300 points intraday, a sign that the rebound remains fragile and that markets will watch oil, regional developments and incoming global data for direction.