PSX ends four‑session slump as value buying resurfaces
The KSE‑100 index closed above 170,000 on Friday, driven by lower oil prices and renewed interest in undervalued stocks, with key sectors such as banks, cement, fertilizer, oil & gas and power posting gains.
Share
Desk Analysis
How This Affects the Exchange
Sector Effect
Positive · Buy bias
Banks, Cement, Fertilizer, Oil & Gas and Power sectors posted gains, indicating a buy bias for related tickers.
Sectors & Direction
Desk read
Desk call: Buy bias · Positively affected
- BanksPositively affected
- CementPositively affected
- FertilizerPositively affected
- Oil & GasPositively affected
- PowerPositively affected
Companies
Mentions in This Briefing
Sectors: Banks, Cement, Fertilizer, Oil & Gas, Power — Positive · Buy bias. PSX tickers: MEBL, FFC, LUCK, PPL, OGDC, EFERT, KAPCO. Banks, Cement, Fertilizer, Oil & Gas and Power sectors posted gains, indicating a buy bias for related tickers.
Full Story
Open on Dawn## Market rebound after four days of losses
The Pakistan Stock Exchange broke a four‑session losing streak on Friday, closing at 170,512 points, up 0.98% (1,646.82 points). The index had touched a low of 166,141.18 earlier in the day but recovered after oil prices eased.
## Drivers of the recovery
* Valuation appeal – Attractive price levels rekindled buying interest across the market. * Geopolitical shift – Reports that the Gulf Cooperation Council was planning a meeting with Iranian officials to discuss the future of the Strait of Hormuz prompted a dip in crude prices, lifting sentiment. * Sector performance – Meezan Bank, Fauji Fertiliser, Lucky Cement, Pakistan Petroleum, Oil & Gas Development Company and Engro Fertiliser together added 1,032 points to the benchmark. * Higher participation – Trading volume rose 9.35% to 687 million shares and turnover jumped 24.75% to Rs 33.7 billion.
## Corporate update
Kot Addu Power Company (KAPCO) released its 4QFY26 results, showing earnings per share of Rs 1.14, a 7.7‑fold increase year‑on‑year. The surge stemmed from a turnaround in gross profit, which rose to Rs 507 million from Rs 11 million, aided by the expiry of the Kapco PPA and the start of contributions from Attock Cement Pakistan Ltd under a new three‑year power purchase agreement.
## Outlook
Arif Habib Ltd noted that the modest recovery trimmed the weekly decline to 2.75% week‑on‑week. An IMF staff mission is expected to visit Pakistan on September 23 to discuss the fourth review of the $7 billion Extended Fund Facility and the third review of the $1.4 billion Resilience and Sustainability Facility, which could influence future market sentiment.