PSX rebounds as KSE-100 gains 575 points on value buying

Trading on Friday ended with the Pakistan Stock Exchange in positive territory, as bargain hunters picked up selected shares, the Express Tribune reported. The KSE-100 rose 575 points, or 0.33 per cent, to close at 177,167.

Power stocks spearheaded the recovery, with HUBC drawing value buyers after a decline of nearly 14 per cent from a peak of Rs227.9 set on August 10. Ali Najib, Deputy Head of Trading at Arif Habib Ltd, noted that the stock, trading near Rs200, carried an expected dividend yield of almost 10 per cent. Its spread across several growth businesses also drew investor attention.

Reports that a refinery deal could be signed within 10 days lifted the refining counters, and PRL and CNERGY both hit their upper circuit limits of 10 per cent. ENGROH posted 2QCY26 earnings per share of Rs7.45, a 70 per cent drop year on year and a 7 per cent decline quarter on quarter. Overall activity totalled 677 million shares worth Rs35.5 billion, with CNERGY leading the volume table at 250 million shares.