Pakistan benchmark index, KSE-100, rebounded slightly on Friday morning by 1746.78 points after shedding 6131.53 points on Thursday.
The benchmark index hit 184,084.90 points at 11:10 am, a 0.96 per cent increase from yesterday’s closing of 182,338.12 points.
The top active stocks so far have been K Electric Limited, rising by 0.7pc to Rs7.17 at a volume of 25,649,093, followed by Worldcall Telecom Limited, falling by 0.60pc to Rs1.66 at a volume of 18,070,396, and Pakistan Telecommunication Company Ltd, rising by 3.51pc to Rs62.55 at a volume of 16,775,864.
The top advancers included Apna Microfinance Bank Limited, rising 10.01pc to Rs17.92, First Tri-Star Modaraba, rising 10pc to Rs44.21, and Blessed Textiles Limited, rising 10pc to R557.66.
Yesterday’s volatility at the stock exchange was triggered by Fauji Fertilizer Company Limited’s result, which disappointed the market as earnings and a mismatch between expectations and outcomes led to panic selling, prompting investors to book recent gains and intensifying the sell-off, according to Maaz Mulla, vice president, equity sales at Topline Securities.
Analysts said 180,000 now stands as a key support level. A weekly close above 185,000, they added, would be required to signal a resumption of the bullish trend in the coming week.
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