Overview
- The KSE-100 closed at 167,191.38, up 1.01% on the day, locking in a weekly gain of more than 11%.
- Buying strengthened as investors bet that Pakistan-facilitated talks between the United States and Iran, including a recent ceasefire, would cool tensions.
- Trading was broad and heavy, with 358 gainers versus 101 decliners, about 876 million shares changing hands, and Rs46.65 billion in value.
- Banks and cement led the rise, with MCB, Bank of Punjab, UBL, Lucky Cement, OGDC and HBL together adding 616 points to the index.
- Lower global oil prices pulled local borrowing costs down, even as foreign funds were net sellers of Rs229.2 million.