Bulls return to PSX as shares surge over 2,700 points

The benchmark KSE-100 Index rose by 2.5%.

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The Pakistan Stock Exchange (PSX) witnessed a robust rally on Friday, with the benchmark KSE-100 Index climbing over 2,700 points.

KSE-100 Index gained 2,787.36 points, or 2.5%, amid renewed investor optimism and sustained buying across key sectors.

The index surged to an intra-day high of 114,546.87 after dipping to a session low of 112,820.07 earlier in the day.

It settled at 114,113.93 by the close, up from the previous close of 111,326.57.

Trading activity remained robust, with volume reaching 192.3 million shares and a total traded value of Rs17.12 billion.

Analysts attributed the bullish momentum to improving macroeconomic sentiment and expectations of policy continuity, helping drive market confidence and activity heading into the weekend.

On last working day, the PSX experienced a steep sell-off as geopolitical tensions with India escalated sharply. The benchmark KSE-100 Index plummeted by over 3%, shedding more than 3,500 points amid fears of military conflict.

Investor sentiment was rattled following a warning by Information Minister Attaullah Tarar, who claimed India might launch military action within 24 to 36 hours.

Global outlets like Bloomberg highlighted the impact on Pakistan's financial markets, noting underperformance in stocks, rupee volatility, and declining dollar bonds.