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Pakistan stocks extend rally as KSE-100 gains 3.64% in weekly trade

KARACHI: The benchmark KSE-100 Index of the Pakistan Stock Exchange posted strong gains during the week, rising 3.64% amid sustained investor interest and robust trading activity.

The KSE-100 Index advanced by 6,118 points over the course of the trading week to close at 173,962 points.

During the week, the index touched an all-week high of 174,106 points, while its lowest level was recorded at 170,161 points.

Trading activity remained healthy, with more than 1.06 billion shares changing hands in transactions valued at Rs72 billion during the week.

The overall market capitalization also increased significantly, rising by Rs549 billion to reach Rs19.166 trillion by the end of the week.

The strong weekly performance reflects continued investor confidence and positive momentum in Pakistan’s equity market, with the benchmark index remaining near record-high levels.

More read, PSX ends bullish session with strong gains across key index

Earlier, Pakistan Stock Exchange (PSX) ended the trading session on a strong note as bullish momentum drove a sharp rise in the benchmark index on Friday.

The KSE-100 Index surged by 2,258 points to close at 173,983 points, with strong buying activity helping the market recover key psychological levels.

During intraday trading, the index also touched an intra-session high of 174,106 points.

Investor participation remained robust, with shares worth Rs40 billion changing hands as 549.8 million shares were traded in the session.

A total of 563 companies saw trading activity during the day, out of which 298 closed higher, while 161 recorded losses.

Two major psychological barriers were also reclaimed during the session, reflecting renewed investor confidence.

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