A powerful bullish wave swept through the Pakistan Stock Exchange on Friday, as the benchmark KSE-100 index climbed by a substantial 500 points, strongly supported by a significant surge in the monetary value of shares exchanged.

The KSE-100 index demonstrated robust investor confidence throughout the session. After opening at its previous close of 168,489.63 points, the index soared to a daily high of 169,988.62, coming within striking distance of the 170,000-point milestone. It concluded the trading day at 168,990.07, marking an impressive gain of 500.44 points or 0.30 percent.

The positive momentum was also mirrored in the KSE-30 index, which advanced by 237.66 points. The index finished the day at 52,261.21, reflecting a 0.46 percent increase from its previous position of 52,023.56.

Market activity revealed a noteworthy trend, with the transactional value in the regular market jumping to over 78.66 billion rupees from the previous day”s 70.19 billion rupees. This spike in value occurred despite a marginal dip in share turnover, which was recorded at 1.57334 billion shares against the prior session”s 1.57338 billion.

The across-the-board gains contributed to an expansion in overall market capitalization. The total value of the market swelled to 19.66 trillion rupees, an increase of over 5.19 billion rupees from the previous day’s capitalization of 19.65 trillion rupees.

Activity in the futures market also indicated optimistic sentiment, with turnover rising to 326.55 million shares from 293.39 million. The traded value in this segment likewise escalated to 16.41 billion rupees compared to the 13.72 billion rupees recorded in the preceding session.