KARACHI: The Pakistan Stock Exchange (PSX) closed the rollover week on a bullish note, with a third massive rally that propelled the benchmark KSE 100 index briefly above the 167,000-point barrier intraday before settling slightly below it as investors continued buying in selective sectors.
According to Topline Securities Ltd, the index settled at 166,677.70, up 1,304.39 points or 0.79 per cent from overnight levels. This positivity can be attributed to late buying by local institutions, as indicated by data from the National Clearing Company of Pakistan.
Apart from the news that Prime Minister Shehbaz Sharif has directed the Federal Board of Revenue to reduce the super tax rate imposed on large companies, which further stimulated the market.
The top positive contributors to the index were Systems Ltd, Pakistan Petroleum, Hub Power, Oil and Gas Development Company, and Lucky Cement, which together contributed 609 points.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd, noted that the market opened firmly and sustained its positive trajectory throughout the session, largely thanks to institutional buying.
On the macro side, the Sensitive Price Index (SPI) for the week ending Nov 27 rose 4.32pc year-on-year and 0.73pc week-on-week. Meanwhile, on the corporate front, Ghandhara Industries Ltd announced a partnership with Zhongtong Bus Holding to introduce and distribute luxury buses in Pakistan, adding excitement to the market.
Market participation remained strong, with trading volume rising 18.94pc to 592.74 million shares while the traded value surged 37.18pc to Rs41.9 billion. Sui Southern Gas Company topped the volume chart with 39.1 million shares.Analysts think the bullish trend will stay and may even scale new all-time highs in the upcoming week, given the strong momentum. However, on the downside, the 165,000 level is likely to act as the first key support.
Published in Dawn, November 29th, 2025
