KARACHI — The bullish trend at Pakistan Stock Exchange extended for a second day on Friday, with the KSE-100 Index climbing 868.68 points to close at 119,840.08, up 073 percent. This surge brings the index close to the key 120,000 level amid growing optimism about the country’s macroeconomic outlook and corporate earnings.
Strong buying momentum carried over from Thursday’s 638-point gain, pushing the index to a session high above 119,500. Heavyweight sectors including cement, chemicals, banking, fertilizers, oil and gas exploration, and power generation led the advance.
Top performers such as HUBCO, MARI, OGDC, PPL, PSO, NRL, PRL, HBL, MCB, NBP, and UBL all traded in positive territory, boosting the index’s overall performance.
Investor confidence was strengthened by recent data showing a sharp fall in inflation, a current account surplus, and Fitch’s upgrade of Pakistan’s sovereign credit rating to B-. Expectations of monetary easing and improved foreign reserves also supported market sentiment.
The two-day rally has added over 1,500 points, reflecting strong institutional interest and renewed optimism. Analysts say sustained macroeconomic stability and clarity on political and external funding matters could fuel further gains in the near term.