Pakistan Market Wrap: PSX Ends Flat as Profit-Taking Offsets Early Gains – By HMFS Research

<ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">The Pakistan Stock Exchange (PSX) opened on a strong note Friday, buoyed by Moody&rsquo;s upward revision of Pakistan&rsquo;s credit rating, which bolstered investor confidence and propelled the benchmark KSE-100 Index to an intraday high of 147,534 points. Additional support came from robust corporate earnings and optimism over the macroeconomic outlook. However, late-session profit-taking eroded earlier gains, leaving the index marginally lower by 37.67 points at 146,492.</span></li></ul><ul><li><span style="font-family:Arial, Helvetica, sans-serif;font-size:medium;">Market participation remained moderate, with KSE-100 volumes clocking in at 187mn shares, while overall market turnover stood at 472mn shares. ASL (30mn shares), MDTL (22mn shares), and...