PSX Surges 1,729 Points as KSE-100 Index Climbs to 182,989 Amid Bullish Momentum

KARACHI: Following two consecutive days of decline, the Pakistan Stock Exchange (PSX) entered a robust bullish phase during early trading on Friday, with the KSE-100 Index surging over 1,700 points before the market was paused for Friday prayers.

Data from the latest session indicates the KSE-100 Index reached 182,989.51 points, marking a rise of 1,729.84 points (0.95%) from Thursday’s closing level of 181,259.67. Intraday, the Index fluctuated between a peak of 183,477.57 and a trough of 181,880.54 points.

A total of 211.35 million shares were traded, with the aggregate value of transactions amounting to Rs16.51 billion. The upward trend reflects broad-based market optimism, though sector-specific catalysts were not fully outlined in the midday update.

Trading was temporarily halted in accordance with standard Friday prayer protocols and is anticipated to resume later in the afternoon, pending PSX operational guidelines.

Major market participants highlighted sustained buying activity across key sectors, contributing to the Index’s stability above the 182,000 mark. Analysts attribute the session’s performance to ongoing influences such as monetary policy developments, oil price fluctuations, and anticipation of economic reforms.

Investor sentiment remains cautiously optimistic ahead of pivotal events, including potential policy announcements from the State Bank of Pakistan and global commodity trends. Recent weeks have seen the KSE-100 Index demonstrate resilience amid external volatility, supported by consistent foreign investment and local institutional participation.

Final market results for the day will be finalized once trading resumes following the prayer suspension.

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