Overview
- The benchmark rose 1,479 points, or 0.79%, as a late-session surge tied to rumours of a potential FFC stock split helped push the index above 189,000 to a record close.
- Fauji Fertiliser led gains and, along with EFERT, POL, HUBC and Engro, delivered the strongest positive contributions, while selling in names like UBL and OGDC partially offset advances.
- The market logged a weekly gain of about 4,068 points (+2.2%) after sharp swings that included a profit-taking drop on Jan 21 and a rebound on Jan 22.
- Trading remained robust with roughly 875 million shares changing hands and turnover near Rs58.5 billion, as NCCPL data showed continued foreign outflows.
- Analysts say the State Bank’s upcoming policy announcement is the key near-term catalyst, with the rate move expected to steer whether the rally consolidates or faces renewed profit-taking.