Stock market begins with hopes of extending Friday’s bullish run

KARACHI: The Pakistan Stock Exchange (PSX) posted bullish performance on Friday, with the benchmark KSE-100 index closing above the 73,000 mark, at 73,085.5 points. Today, the index opens at Friday’s closing, with hopes of continuing the positive trend witnessed on the final day of the outgoing week.

PSX closes week above 73,000 mark

Last week, the stock market went through fluctuations on most days, despite closing in green. By Friday, the index had stabilised, which is expected to continue into today’s session.

Sector-wise, during the previous week the positive momentum was driven by cement, textile, and energy sectors, with the fertiliser, banking, and refinery sectors pulling the index down.

The calendar year, so far, has seen an increase of 10,634 points, equivalent to 17.03 per cent in the PSX.

Stock market opens after a volatile session

This bullish sentiment reflects the confidence of investors in Pakistan’s stock market and suggests a positive outlook for the coming months.