Overview
- The benchmark index rose 1,289.83 points, or 0.77%, to finish at 169,864.53 after hitting an intraday high of 170,053 before late-session slippage.
- Fertiliser, banking, technology and energy names led gains, with Fauji Fertiliser, MCB Bank, Systems, Maple Leaf, PPL, Engro Fertilisers and Hubco contributing 962 points, according to Topline Securities.
- Ready-market volume stood at 873.030 million shares with traded value of Rs40.870 billion, lower than the prior session, while futures turnover was 177.125 million shares worth Rs9.628 billion.
- Foreign investors were net sellers of Rs547.5 million, National Clearing Company data showed.
- For the week, the index rose 1.66% and market capitalisation increased to Rs19.321 trillion, with brokers tying the advance to the IMF’s $1.2 billion approval and progress on a Rs659.6 billion power-sector settlement.