The Pakistan Stock Exchange (PSX) experienced a remarkable surge on Friday, with the benchmark KSE100 Index climbing by an extraordinary 4,898.86 points to close at 161,631.73, representing a significant single-day gain of 3.13 percent.
Similarly, the KSE30 Index mirrored the bullish sentiment, posting a substantial increase of 1,624.91 points. The 30-share index concluded the session at 49,377.29, marking a notable 3.40 percent rise from its previous close.
The day”s positive momentum translated into a substantial expansion of overall market worth. The total market capitalization rose to PKR 18.56 trillion from PKR 18.08 trillion, injecting approximately PKR 475 billion into the market in a single session.
Investor participation saw a significant uptick, as reflected in the trading volumes and value. The regular market turnover increased to over 952 million shares, compared to the previous day”s 848 million. The corresponding traded value also witnessed a healthy climb, reaching PKR 42.26 billion against the prior session”s PKR 37.61 billion.
Activity in the futures market was particularly robust, with turnover surging to 901.29 million shares from 561.03 million in the preceding session. The value of traded futures contracts escalated to PKR 37.80 billion, a considerable jump from the previous day”s PKR 26.61 billion.
Throughout the trading day, the KSE100 index navigated a wide range, hitting a high of 162,194.31 and a low of 158,195.55, ultimately closing near its peak and underscoring the sustained buying pressure.