PSX climbs 1.3K points amid tax relief optimism | The Express Tribune

The Pakistan Stock Exchange (PSX) wrapped up Friday, November 28, 2025, with robust gains, as the KSE-100 Index rose 1,304 points, or 0.99%, to close at 166,678. The session began on a positive note and held steady, propelled by significant institutional purchases amid reports of the Prime Minister ordering the Federal Board of Revenue to slash super tax rates for big companies, which lifted market morale.

“The market opened firmly and sustained its positive trajectory throughout the session. The rally was fueled largely by institutional buying following media reports that the Prime Minister has directed the FBR to reduce the super tax rate on large corporations, boosting investor sentiment,” said Ali Najib, Deputy Head of Trading at Arif Habib Ltd.

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Economic indicators revealed the Sensitive Price Index increasing 4.32% year-over-year and 0.73% from the prior week ending November 27. In company developments, Ghandhara Industries (GHNI) unveiled a collaboration with China’s Zhongtong Bus Holding to launch and distribute upscale buses locally, contributing to the upbeat atmosphere.

Top-performing sectors on Friday included technology, exploration and production, power, and cement, with key contributors like Systems Limited (SYS), Pakistan Petroleum (PPL), Hub Power Company (HUBC), Oil and Gas Development Company (OGDC), and Lucky Cement (LUCK) adding a combined 609 points. Trading activity was vigorous, with 589.7 million shares exchanged, worth Rs41.9 billion; Sui Southern Gas Company (SSGC) led volumes at 39.1 million shares.

This Friday’s performance capped a solid week, with the index up 4,575 points overall (2.82%). Analysts foresee continued momentum, possibly testing fresh peaks, though 165,000 could provide initial support in any pullback.