Buying activity surged at the Pakistan Stock Exchange (PSX) on Friday, following a significant selloff, with the benchmark index climbing nearly 3,000 points in the latter half of the trading session.

“The recent market pullback has opened up valuations, creating attractive entry points for investors looking to capitalize on the dip in equities,” said Intermarket Securities in a note on Friday.

According to the PSX website, the KSE-100 index stood at 109,072.36, marking an increase of 2,797.39 points or 2.63%.

Investor interest was notably strong in vital sectors such as cement, commercial banking, fertilisers, and oil and gas exploration. Key stocks, including MCB, MEBL, NBP, UBL, OGDC, PPL, and HUBCO, all showed positive performance during the trading day.

Investor sentiment was influenced by ongoing concerns over global economic trends, year-end profit-taking, and uncertainty surrounding recent fiscal and monetary policy adjustments.

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The Arif Habib Limited echoed similar views, pointing to the recent market decline as a result of “profit-taking coupled with redemptions in mutual funds.”

In a report, AHL noted that the KSE-100’s forward price-to-earnings ratio for 2025 stands at 5.7x, significantly below the 10-year average of 8.2x.