PSX continues rally, hits new high above 131,000 points
The index reached an intraday high of 131,411.40 and a low of 130,716.10 during the trading session.
Trading volume stood at 73.6 million shares, with a total value of over Rs 7.7 billion, reflecting sustained buying activity across various sectors.
Friday's session followed a similar bullish trend seen the previous day, when the index closed at 130,686.65.
Earlier on Thursday, KSE-100 index extended its upward trajectory to close at a new all-time high with addition of 342.63 points.
Read: Stocks continue bull-run, reach fresh peak
The rally was led by index-heavy sectors, particularly oil and gas, banking and power. However, overall trading remained mixed.
Among major triggers, Pakistan's foreign exchange reserves jumped $5.1b to $14.5b by the end of FY25.
"Stocks closed higher at a new all-time high after the government slashed NSS (National Savings Scheme) rates, which will push investors towards equities, and the State Bank's forex reserves hit $14.5b," said Arif Habib Corp MD Ahsan Mehanti.
Arif Habib Limited (AHL) reported that the KSE-100 index experienced two-way volatility around the 130,000 level but it managed to hold the key level at close.
Some 53 shares advanced while 46 declined. Major contributors to the index gains were Oil and Gas Development Company (+2.77%), UBL (+1.32%) and Hub Power (+2.26%).
On the flip side, the biggest laggards were Bank AL Habib (-4.14%), MCB Bank (-2.46%) and Meezan Bank (-1.6%), it said.
WorldCall Telecom was the volume leader with trading in 49.5m shares, falling Rs0.02 to close at Rs1.59.
It was followed by Image Pakistan with 36.7m shares, rising Rs2.87 to close at Rs32.47 and The Bank of Punjab with 35.1m shares, losing Rs0.02 to close at Rs11.52.
Foreign investors sold shares worth Rs909m, the National Clearing Company reported.
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