PSX gain 1.1% in week as investor confidence improves

The KSE-100 Index rose by 1,921 points during the week.

KARACHI: Pakistan’s stock market posted a strong weekly performance, with the benchmark KSE-100 Index gaining 1.1% amid improving investor sentiment driven by easing geopolitical tensions and lower global oil prices.

The KSE-100 Index rose by 1,921 points during the week, closing at 172,399 points compared with 170,478 points at the end of the previous week.

During the trading week, the index touched an intraday high of 173,093 points, while its lowest level was recorded at 168,432 points.

Market capitalization increased by Rs191 billion over the week to reach Rs19.12 trillion, reflecting broad-based gains across listed companies.

Average daily trading volume stood at 776 million shares, while average daily traded value was recorded at Rs29 billion.

Market analysts attributed the positive momentum to renewed investor confidence following a reduction in tensions between the United States and Iran, as well as a decline in international oil prices, which improved the outlook for Pakistan’s economy and equity market.