Benchmark Index Gains More Than 850 Points in Early Trade
The Pakistan Stock Exchange (PSX) opened its post-Eid trading session on a strong note Friday, with investors extending buying activity across major sectors and pushing the benchmark KSE-100 Index sharply higher.
By 11:00am, the KSE-100 Index had climbed 857.47 points, or 0.50 percent, to reach 172,582.76 points.
Buying interest remained concentrated in key sectors, including automobile assemblers, cement, oil and gas exploration companies, oil marketing firms, and power generation stocks.
Meanwhile, several index-heavy shares traded firmly in positive territory. Among the notable gainers were HUBCO, MARI, POL, HBL, and NBP, reflecting renewed confidence among investors.
Additionally, market participants cited improving sentiment and favorable external developments as major factors supporting the latest rally.
The positive momentum follows a robust performance before the Eid holidays, when investors increased positions across multiple sectors.
Global Optimism Supports Local Market Sentiment
Earlier this week, the PSX recorded one of its strongest sessions in recent months, with the KSE-100 Index surging 3,881.05 points, or 2.31 percent, to close at 171,725.29 points.
Analysts attributed that rally to optimism surrounding ongoing diplomatic discussions between the United States and Iran, easing international oil prices, and aggressive pre-holiday buying.
Furthermore, global markets provided additional support to investor sentiment on Friday.
World stock indices hovered near record highs as traders monitored developments related to a potential agreement aimed at extending the US-Iran ceasefire and restoring shipping activity through the Strait of Hormuz.
Meanwhile, international investors also responded positively to advances in technology and artificial intelligence sectors, which helped lift major markets in Asia.
Markets in Tokyo and Seoul posted notable gains, while global equities continued their upward trajectory.
As a result, investors remain focused on both domestic economic indicators and international developments that could influence market direction in the coming weeks.
