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May 29, 2026
PSX Jumps 2,238 Points as Eid Festivities Unfold and Hopes of Peace Rise
Karachi: The Pakistan Stock Exchange (PSX) witnessed a strong bullish momentum on Friday with the benchmark KSE-100 Index surging 2,238 points (+1.30% DoD) to close at a fresh high of 173,963.
The market opened on a strong footing as investor sentiment improved amid encouraging progress in ongoing United States-Iran negotiations and declining international oil prices.
According to Deputy Head of Trading of Arif Habib Ltd Ali Najib, broad-based buying emerged following positive developments over the Eid al-Adha holidays, with expectations of a potential diplomatic breakthrough continuing to drive optimism across the market.
Friday’s rally was largely driven by FFC, ENGROH, LUCK, EFERT, BAHL, HBL, MARI, TRG, SRVI & MTL which collectively contributed 1,773 points to the index gain. On the corporate front, FFC surged Rs21.75 (up 4%) in the day after the signing of a $1.1 billion agreement with China’s Hualu to establish a coal-based fertilizer project under CPEC 2.0.
Overall market participation remained stable, with traded volume clocking in at 550.4 million shares and turnover settling at Rs40.8 billion. TRG led the volume chart with 34.1 million shares traded.
The KSE-100 Index posted a handsome weekly gain of 6,119 points (+3.65%) to reach 173,963. The benchmark touched an intra-week high of 174,106 and a low of 170,162, respectively.
Moving forward, developments in US–Iran negotiations will remain a key market trigger, with improving diplomatic momentum and easing oil prices supporting investor sentiment. However, uncertainty around a final agreement may keep regional markets volatile in the near term.
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