The Pakistan Stock Exchange (PSX) closed at an all-time high on Friday, nearly reaching the 170,000-point mark. The benchmark KSE-100 Index surged by 1,499 points during the day, briefly crossing 169,500 points before settling at 168,990. Despite some selling pressure in the final hour, the market recorded historic gains, reflecting growing investor confidence.
Trading volumes hit record levels, with 1.57 billion shares worth Rs79 billion changing hands in the Ready Market alone. Mutual funds, insurance companies, and high-net-worth investors led the buying spree. Analysts attribute this activity to positive market sentiment and optimism about Pakistan’s economic outlook.
Read more: PSX hits record 168,000 amid buying frenzy
Several key sectors drove the rally, including oil marketing, cement, refinery, and automobile companies. These sectors are seen as indicators of the country’s broader economic momentum. Their strong performance encouraged investors to increase their holdings, pushing the market upward.
Although the last hour saw some selling pressure that trimmed intraday gains, analysts remain optimistic. The strong finish just below 170,000 points signals that the index could soon cross this milestone in coming sessions. The buying momentum shows sustained confidence in the market.
Overall, the PSX’s historic high and record trading volumes highlight renewed investor enthusiasm. The broad-based rally signals improving economic indicators and suggests a positive outlook for Pakistan’s financial markets. Investors will watch closely as the index aims to break the 170,000-point barrier.