KARACHI: Pakistan Stock Exchange extended its bullish momentum on Friday as the benchmark KSE-100 Index surged by nearly 1,000 points in early trade.
At around 9:50 a.m., the index stood at 170,880.78 points, showing a gain of 968.83 points, or 0.57 percent.
Buying interest remained strong across key sectors, including oil and gas exploration, automobiles, cement, and chemicals. Investors continued to show active participation in these segments.
The positive trend followed a strong performance in the previous session. On Thursday, the KSE-100 Index had closed at 169,911.95 points after rising 1,392.01 points, or 0.83 percent.
Global markets showed a mixed trend. Asia-Pacific shares, excluding Japan, slipped 0.6 percent but remained close to recent record highs. Japan’s Nikkei 225 fell 0.9 percent in early trading.
Market reports indicated that global equities have largely recovered to levels seen before the late-February escalation of the Iran conflict.
Despite global uncertainty, Pakistan’s market maintained strong investor confidence at the start of the trading day.
