Pakistan Stock Exchange (PSX) witnessed a significant surge on Friday as KSE-100 index closed at an all-time high of 141,035 by registering a gain of 1,645 points.
In the wake of Pak-US trade deal, PSX rally was led by energy sector stocks. Blue-chip share such as OGDC, PPL, PSO and Hubco were among the top gainers, with OGDC surging 9.7pc, PPL rising 7.1pc, PSO gaining 6.7pc and Hubco increasing 4.71pc.
The energy sector contributed 1,152 points to the day’s rally. The overall market activity remained robust, with 610 million shares changing hands and a traded value of Rs51 billion. WorldCall Telecom led the volumes chart with over 55 million shares traded.
On a weekly basis, the KSE-100 index recorded its sixth consecutive weekly gain, adding 1,828 points. The index opened at 139,760, touched a high of 141,161 and a low of 137,659 before settling at 141,035.
The experts said market’s strong performance was a testament to the growing investor confidence in the economy.