KARACHI:

The Pakistan Stock Exchange (PSX) closed on a positive note on Friday as the benchmark KSE-100 index advanced slightly over 1,300 points, extending its upward momentum and marking another strong session driven by institutional buying and renewed investor confidence.

The index's rise capped off a robust week in which it gained 2.8% week-on-week (WoW), while monthly data reflected a 3.12% month-on-month (MoM) increase in November despite a slowdown in overall trading activity.

Buoyed by improved market breadth, steady inflows and value hunting in heavyweight sectors, the KSE-100 is now approaching the upper band of its 160,000–170,000 consolidation range, with analysts noting constructive sentiment even as prospects of a technical pullback linger after sharp gains.

At the close

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