Pakistan's benchmark index climbs to close at 171,175 points on institutional buying
The benchmark KSE-100 index gained 984.86 points, or 0.58%, to cross another major milestone and close at 171,175.50 points, according to PSX data. The market stayed in the green throughout the session, hitting an intraday high of 171,455.76 points before mild profit-taking trimmed some gains near the final bell.
Market analysts noted that investor confidence remains robust, driven by expectations of an interest rate cut in the upcoming monetary policy review and ongoing progress in privatization pipelines. Total trading volume for the KSE-100 index stood at over 216 million shares, while the broader All-Share Index index registered more than 695 million shares changing hands.
Commercial banks, oil and gas exploration firms, and technology sectors led the rally, tracking strong corporate earnings profiles from the preceding quarter.