The Pakistani Stock Exchange (PSX) witnessed a very volatile session on Friday, with the standard KSE-100 index fluctuated sharply throughout the day before it was finally closed.
The market was opened on a positive note, as it attracted the attention of early purchase, but quickly adhered to a wave of pressure pressure, which prompted the index to the lowest level during the day at 109,686.53 points. However, with the progress of the session, the upcoming feelings returned to appearing, prompting the index to the top to the highest level during the day of 110,905.09 points before stability. Through the closing bell, the KSE-100 index settled at 110,322.94 points, scoring a marginal profit of 21.78 points or 0.02 %.
The market analysts noted that despite the ongoing fluctuations, PSX has reached attractive levels technically, which increases the possibility of reflecting the direction in the short term. “I have reached many shares to attractive levels, and we may see the downward trend that is reflected soon,” said Intermarket Securities in a report released earlier in the day.
The sale of the market, which acquired the market throughout the week, continued until Thursday when the KSE-100 decreased by more than 1,600 points, closing 110,301.16. Investors remain cautious amid the ongoing concerns of the macroeconomic economy and fluctuations in global markets, which contributes to the irregular trading patterns in PSX.
On the international front, Asian stock markets offered modest gains on Friday, as investors assessed global economic risks. Asian stocks were backed by the anticipation of the data of the main American salary statements, while the feelings remained unconfirmed by global trade tensions. The Japanese yen rose to its highest level in nearly two months due to increasing expectations that the Japanese Central Bank may provide more interest rates this year.
In the United States, the investor’s confidence remained fragile, after President Donald Trump’s changing policies. The week started with the United States, which imposes a customs tariff on Mexico and Canada, only to stop them at a later time. Meanwhile, the new customs tariff entered China into effect, but Beijing’s response had left the negotiations, providing some reassurance to the markets.
In Asia, the markets responded positively to developments in the AI, especially after the Chinese Deepseek AI achieved a technical breakthrough. The Hong Kong Hang Singh Index increased by 0.17 % on Friday, which represents a 3 % weekly profit, and it has been its strongest performance since October when optimism about Chinese government motivation has achieved market gains. Likewise, the Chinese Blue Slide Index provided 0.8 %, which contributed to a total increase of 0.3 % in the widest MSCI of Asia and Pacific Ocean index outside Japan.
The Pakistani rupee offered a slight improvement against the US dollar in a bank on Friday, estimated at 0.04 %. According to the State Bank in Pakistan (SBP), the local currency stabilized at 279.05 rupees per dollar, and recorded a profit of R0.1. This marginal estimate reflects the morale of improved investors after reports on possible economic amendments and discussions surrounding the needs of external financing for Pakistan.
PSX trading activity has witnessed a remarkable decrease, reflecting the decrease in investor participation amid uncertainty in the market. The total trading volume of all participation index has shrunk to 299.68 million shares, which is much lower than 598.93 million shares traded in the previous session. The total value of the traded shares also decreased, as it decreased to 15.62 billion rupees, compared to 25.63 billion rupees on Thursday.
Among the shares traded actively, WorldCall Telecom has emerged as a leader in size, with 30.24 million shares, followed by Silk Bank Ltd with 22.23 million shares, and K-Electric Ltd with 18.74 million shares.
A total of 446 companies were traded on Friday, of which 144 registered gains, 228 refused, while 74 remained unchanged.
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