PSX soars past 141,000 points after landmark US trade deal
Business
PSX had already shown signs of strong momentum, ending the day 978 points higher, at 139,390 pts
KARACHI (Dunya News) – Pakistan’s stock market hit an all-time high on Friday, making history as the benchmark KSE-100 Index crossed the 141,000-point mark for the very first time.
On the fifth and final trading day of the week, the market opened on a strong note and kept gaining ground throughout the day. The first trading session ended in the green, with the index rising by 483 points, closing at 139,873 points, breaking past a key psychological barrier.
By the end of the trading day, the market had shot up even further. The KSE-100 Index closed at 141,034 points, gaining 1,644 points in a single day — a new peak for Pakistan’s stock exchange.
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Investors were in high spirits as the market rallied, showing strong buying interest across the board. Trading volume also saw a major boost. Shares worth Rs. 43.12 billion were traded, totaling 304.5 million shares exchanged during the day.
Just a day earlier, on Thursday, the market had already shown signs of strong momentum, ending the day 978 points higher, at 139,390 points.
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Market analysts say the recent bullish trend reflects investor confidence in the country’s improving economic indicators and corporate earnings outlook.
The market’s performance this week has turned many heads, with traders and investors calling it a "dream run" and hoping the upward momentum will keep up in the coming days.
