KARACHI: Pakistan’s stock market reached a historic milestone on Friday as the KSE-100 Index closed above 189,000 points for the first time, ending the trading session at 189,167 points up 1,479 points or 0.79 percent.
Analysts said the rally was largely driven by the fertiliser sector, with FFC leading gains amid speculation about a potential stock split. FFC alone contributed 1,514 points to the index. Other top performers included EFERT POL HUBC and ENGROH collectively adding 690 points. Selling pressure in stocks such as PIOC, OGDC UBL NBP and PPL pulled the index down by 478 points.
Market activity remained strong with 875.49 million shares traded and total turnover reaching 58.5 billion rupees. KEL recorded the highest volume, with 141.4 million shares changing hands.
During the week, the KSE.100 gained 4,068 points or 2.2 percent, opening at 186,151 points and reaching an intra-week high of 189,567 points. The Stock Performance Index rose 4.18 percent year-on-year.
Investors are now closely watching the upcoming Monetary Policy meeting on January 26, with expectations of a 50,100 basis points interest rate cut, which could further boost market momentum.
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