The Pakistan Stock Exchange (PSX) surged to historic levels on Friday, with the KSE-100 Index crossing 169,000 points for the first time. During the session, the index rose by 1,499 points and briefly approached the 170,000 mark before easing slightly at the close due to last-hour selling pressure.
The PSX closed the day at 168,990 points, setting a new record for the highest closing level. Trading activity also hit a record, with 1.57 billion shares worth Rs79 billion changing hands. Analysts say the rally reflects growing confidence from investors, including mutual funds, insurance companies, and high-net-worth individuals.
Strong buying was observed in oil marketing companies, cement firms, refineries, and automobile stocks. These sectors are often considered indicators of broader economic growth, suggesting positive sentiment about Pakistan’s market outlook.
The PSX saw a wave of buying during intraday trading, pushing the index over 1,300 points higher in the second half of the session. Early gains lifted the KSE-100 Index to 169,302 points, and it later reached an intraday high of 169,663 points.
Despite some selling in the final hour, market analysts remain optimistic. They believe the PSX could cross the 170,000-point milestone in upcoming trading sessions. The broad-based rally highlights strong demand across multiple sectors and reflects renewed investor confidence in Pakistan’s economic performance.
The record-breaking performance of the PSX signals robust market momentum and shows that investor interest is expanding across key sectors. Experts say that continued gains are likely if buying interest and positive economic indicators persist in the coming weeks.
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