Bulls drive PSX higher with nearly 1,000-point gain in late trading

KSE-100 hits 158,936.03 as key sectors lead rally

Bulls continued their strong push at the Pakistan Stock Exchange (PSX) on Friday, with the benchmark KSE-100 Index surging by nearly 1,000 points in the second half of the trading session.

At 2:45 PM, the KSE-100 stood at 158,936.03, up by 982.57 points or 0.62%. Buying interest was observed in key sectors, including commercial banks, oil and gas exploration companies, power generation, and refineries. Major stocks such as MARI, OGDC, PPL, POL, HUBCO, ARL, MCB, MEBL, and NBP all traded in the green.

On Thursday, the market had closed on a bullish note, driven by across-the-board buying following news of a mutual defense agreement between Pakistan and Saudi Arabia. The KSE-100 Index surged by 1,775.65 points, or 1.14%, settling at 157,953.47 points, marking a fresh high for the week.

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