KARACHI: After a week of fluctuation, the Pakistan Stock Exchange (PSX) closed on a positive note, recording an overall upward trend.
According to the weekly report, the benchmark KSE-100 index gained 408 points, rising from 166,677 to 167,085 points at the close of the trading session.
During the week, the market managed to reclaim an important psychological barrier. Out of five trading sessions, two closed bearish while three ended in the green.
The index touched a weekly high of 169,289 points, while the lowest level remained at 165,886 points. The market capitalisation also strengthened significantly, increasing by Rs172 billion to reach Rs19,038 billion over the five-day session.
In terms of price movement, 44.05% of listed stocks posted gains, with share prices of 1,053 companies rising, while 1,109 recorded a decline.
Market analysts attributed the positive momentum to improved financial sentiment and the one-year extension in Saudi fund deposits, which boosted investor confidence and supported trading activity.
