PSX continues bullish trend with over 800-point rally

The Pakistan Stock Exchange (PSX) on Friday witnessed positive momentum as the benchmark KSE-100 Index gained over 800 points.

At close, the benchmark index settled at 167,085.58, up 802.03 points or 0.48%.

Broad-based buying emerged across major sectors, including autos, cement, fertilizer, banks, oil exploration, OMCs and power, with heavyweight stocks such as ARL, HUBCO, MARI, OGDC, POL, PPL, SSGC, NBP and UBL closing in the green.

A day earlier, the PSX rebounded from heavy institutional selling, with the KSE-100 inching up 138.20 points to 166,283.55.

Meanwhile in currency market, the Pakistani rupee recorded continued its gaining streak against the US dollar, appreciating 0.01% in the inter-bank market on Friday.

At close, the local currency settled at 280.42, a gain of Rs0.03 against the greenback.

Gold price surges Rs3,000 per tola in Pakistan

Gold prices in Pakistan rose on Friday, mirroring the upward trend in the global market. In the domestic market, the price of gold climbed by Rs3,000 during the day, bringing the per-tola rate to Rs444,462. The price of 10-gram gold also went up, increasing by Rs2,572 to reach Rs381,054, according to figures released by the All-Pakistan Gems and Jewelers Sarafa Association (APGJSA). A day earlier, on Thursday, the per-tola price had dropped by Rs1,700 to settle at Rs441,462. Internationally, gold prices advanced by $30, reaching $4,221 per ounce, including a $20 premium. Silver prices also saw an uptick, rising by […]

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