KARACHI (Dunya News) - The Pakistan Stock Exchange witnessed a strong bullish trend on the final trading day of the business week, as the benchmark KSE-100 Index crossed the psychological barrier of 172,000 points during early trading.
At the opening of the trading session, positive momentum was observed across major sectors, leading to a sharp upward movement in the stock market.
With an increase of more than 600 points, the KSE-100 Index reached the level of 172,344 points, reflecting sustained investor confidence and continued buying activity in key stocks.
Market analysts said the upward trend was driven by improved sentiment among investors, along with steady participation from institutional and retail traders.
On the previous trading day, the index had closed at 171,725 points, indicating a continuation of the bullish trend in the current session.
The crossing of the 172,000-point mark is being viewed as an important psychological milestone for the market, highlighting strong momentum in the Pakistan stock market.
Meanwhile, Asian stock markets surged and oil prices receded on Friday, boosted by optimism that the United States and Iran will reach a deal to end their war that has hobbled global energy supplies.
Leading indices on stock exchanges in Tokyo, Seoul and Taipei surged by more than 2 per cent, while Sydney was up by 1 per cent.
Hong Kong's gains were more muted, while Shanghai's main benchmark had lost 0.4 per cent.