PSX Closes Higher for Second Straight Session, KSE-100 Gains 557 Points
The buying rally followed Thursday's robust session, in which the KSE-100 had gained 984.86 points (0.58%) to close at 171,175.51 . Thursday's performance was underpinned by heavy buying in heavyweight stocks, particularly Fauji Fertiliser Company, Pakistan Petroleum Limited, and Oil and Gas Development Company, which collectively contributed significant points to the index . According to brokerage reports, the market remained resilient despite persistent geopolitical uncertainty in the Middle East, with improving investor participation and healthy trading volumes.
In Friday's trading, the ready market recorded a trading volume of 697.166 million shares, with a traded value of Rs 26.135 billion . Market capitalization increased to Rs 18.983 trillion, while market breadth remained strongly positive, with 316 companies advancing, 128 declining, and 48 remaining unchanged . International markets, however, saw Asian shares slide on Friday as investors took profits on technology stocks and remained cautious ahead of the weekend amid lingering Middle East hostilities.