The Pakistan Stock Exchange (PSX) closed the week on a bullish note on Friday, with the benchmark KSE-100 index advancing 1,274 points to settle at 148,618, up 0.86% day-on-day. The rebound came after a volatile week, fueled by expectations of flood rehabilitation-related spending and cyclical sector recovery.
Market participation surged, with trading volumes rising sharply to 625 million shares against 307 million in the previous session. Analysts attribute the heightened activity to strong investor interest in cement, commercial banks, and technology and communication stocks, which together added 958 points to the index, according to Ismail Iqbal Securities.
Sectoral performance was led by cement, contributing a hefty 623 points, followed by commercial banks (228 points) and technology