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KSE-100 Rebounds 999 Points After Wide Swing, Led by Oil & Gas Heavyweights

Selective bargain-hunting at perceived value levels lifted a few heavyweights.

Overview

  • The benchmark closed at 173,169.71, up 999.42 points (+0.58%) after trading between 169,592.53 and 174,148.33.
  • Oil and gas outperformed, with OGDC, MLCF, PPL, SYS and FFC contributing a combined 654 points to the index.
  • Market capitalization rose by about Rs88 billion to Rs19.60 trillion, reflecting a notable restoration of investor wealth.
  • Turnover stayed robust at 537.65 million shares, though traded value eased to Rs23.79 billion; K-Electric, WorldCall Telecom and The Bank of Punjab led volumes.
  • Market breadth remained weak at 158 advancers versus 257 decliners, and the index still ended the week down roughly 3.6% as investors eyed an IMF mission due February 26.