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PSX posts record weekly gains across major sectors

During the week, the KSE-100 Index surged by 5,375 points.

KARACHI: The Pakistan Stock Exchange (PSX) witnessed a remarkable week of bullish activity, reaching new record highs across major indices.

During the week, the KSE-100 Index surged by 5,375 points, climbing from 179,034 at the start of the week to 184,409 at closing. The index traded at a week-high of 187,015 points and a week-low of 179,535 points.

Market analysts noted that five key psychological levels were restored over the week, with three days of gains and two days of minor declines.

The market capitalization also saw a significant boost, rising by PKR 555 billion over the five-day trading period to reach PKR 20,768 billion.

Experts attributed the bullish trend to institutional investments and expectations of a potential reduction in the policy rate. Strong performances were seen in banking, energy, cement, and fertilizer sectors, among other key industries.

Daily turnover reached nearly PKR 85 billion, marking the highest levels in two decades, highlighting investor confidence and market momentum.

The PSX’s performance reflects renewed optimism among investors, signaling a positive outlook for Pakistan’s equity markets in the near term.

 

 

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