The Pakistan Stock Exchange (PSX) closed the week strong, with the KSE-100 index gaining 2,350 points over five sessions. It ended at a historic high of 134,299.77 points, marking the third straight week of positive growth.
Investor confidence remained high throughout the week. Friday’s session alone saw a 517-point rise, supported by strong trading volumes and value. A total of 765.1 million shares were traded, worth Rs40.2 billion.
The PSX rally was driven by strong corporate earnings, rising foreign exchange reserves, and institutional inflows. Mutual funds increased their equity allocations, pushing the market further upward.
UBL led the gains with a 99% rise in earnings per share, helping boost the index. Other key performers included Hub Power Company and Millat Tractors, both adding significant value to the PSX.
Despite the overall positive trend, some banking stocks, including Bank AL Habib and MCB Bank, showed declines. However, market breadth remained balanced, with more advancing stocks than declining ones.
Market capitalization rose by Rs377 billion, reaching Rs16,288 billion. The total volume traded for the week was 4.73 billion shares.
Analysts expect the PSX to maintain momentum in the coming sessions. Support is seen around 132,000 points, with a potential move towards 136,000 if the trend continues.
The PSX reached a record high as the KSE-100 index surpassed 129,000 points, driven by strong earnings and investor inflows. This marks a continued upward trend in market sentiment.
