The Pakistan Stock Exchange ended the outgoing trading week on a positive note, with the benchmark KSE-100 index gaining 4,034 points to close at 166,409. The index traded in a wide range during the week, touching a high of 167,483 and a low of 161,250, while total market capitalisation rose by Rs374 billion to Rs18,388 billion.
Friday itself was a down day — the index shed 784 points, or 0.47 percent, on profit-taking after a four-session rally, as Brent crude surged above $116 a barrel on fresh Strait of Hormuz tensions. But the weekly picture stayed positive: about 2.99 billion shares changed hands during the week, worth Rs115 billion.
For investors, the week sums up the current market mood in one line — strong quarterly corporate earnings and value-buying pulling the index up, with oil prices and regional tensions pulling it back on any given day. No buy or sell recommendation is made here; this is information only.
Sources: Dunya News, Business Recorder. Written in our own words for information only.