KARACHI: Pakistan's benchmark stock index posted strong gains over the past week, with investor sentiment lifting the market to another record close.
The KSE-100 Index of the Pakistan Stock Exchange rose 3.22% during the week, gaining approximately 5,800 points to close at 185,372.
Trading activity remained robust, with investors exchanging Rs. 4.32 billion shares in transactions valued at Rs. 238 billion over the course of the week.
The market's total capitalization also increased significantly, rising by Rs. 628 billion to reach Rs. 20.762 trillion, reflecting broad-based gains across listed companies.
Analysts said the week's performance underscored continued investor confidence, with sustained buying interest driving the benchmark index to new highs.
More read, PSX hits 185,000 milestone after five months
Earlier, Pakistan Stock Exchange (PSX) continued its winning streak for a fourth straight session, with the benchmark KSE-100 index closing above the 185,000-point level as improving geopolitical conditions and stronger economic sentiment supported the market.
The index rose 0.5%, or 930 points, to close at 185,464, moving closer to its all-time high of more than 189,000 reached on Janurary 23.
According to Topline Securities, investor confidence remained strong due to lower international oil prices, which are expected to ease pressure on Pakistan’s external account.
The gains were mainly led by United Bank Ltd., Oil and Gas Development Company, Fauji Fertilizer Company, Mari Energies and Pakistan Petroleum Ltd. These stocks together added around 611 points to the index. The exploration and production sector saw the highest trading value. OGDC recorded transactions worth Rs3.08 billion, followed by Mari Energies at Rs2.43 billion and Pakistan Petroleum at Rs1.81 billion.
