The Pakistan Stock Exchange (PSX) witnessed a strong rally on Friday, with the benchmark KSE-100 Index surging by 2,332.60 points following the successful passage of the Finance Bill 2025 by the government. The index closed at 124,379.06 points, reflecting a rise of 1.91%.
The positive momentum was driven by broad-based buying across key sectors. Notable gains were recorded in automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), and refineries.
Major index contributors such as Mari Petroleum (MARI), Oil and Gas Development Company (OGDC), Pakistan Oilfields (POL), Pakistan Petroleum Limited (PPL), Pakistan State Oil (PSO), Sui Southern Gas Company (SSGC), Habib Bank Limited (HBL), MCB Bank, and United Bank Limited (UBL) all traded positively.
This sharp rebound came after a volatile session on Thursday, during which the KSE-100 Index declined by 715.18 points amid sustained selling pressure and cautious investor sentiment. The index had closed at 122,046.46 points on Thursday, reflecting uncertainty surrounding the approval of the federal budget.
The passage of the Finance Bill appears to have restored market confidence, leading to renewed investor interest and a significant recovery in equities across the board.
