Pakistan Stock Exchange benchmark KSE 100 Index jumped 4027 points and settled at 173,939 at the closing of the trading session on Friday, reported 24NewsHD TV Channel.
Shares worth over Rs 67 billion were traded in the stock market. A total of 565 companies were traded. The shares of 354 companies rose and shares of 101 companies dropped in the stock market.
Earlier, Pakistan Stock Exchange (PSX) on Friday opened with strong momentum amid growing hopes for a peace deal between the US and Iran.
The KSE-100 Index traded between a high of 173,444.89 (up 3,532.94 points, or 2.08%) and a low of 170,758.25 (up 846.30 points, or 0.50%).
Till Juma prayers break, the positive momentum pushed the benchmark index up by more than 2,800 points to reach 172,760.71 points. Economic experts said “The expectations of a deal in the Middle East, and the constant diplomatic shuffle, are creating a sense of FOMO among investors, who are rushing back to build positions ahead of the possible good news.”
Earlier on Thursday, the KSE-200 Index rose 1,392.01 points (0.83%) to close at 169,911.95, after touching an intraday high of 170,899.16 and a low of 168,941.31.
On the domestic front, Pakistan’s current account surplus rose to $1.07 billion in March from $231 million in February, supported by lower goods and services trade deficits and robust remittances, according to State Bank of Pakistan (SBP) data released on Thursday.
The surplus fell 16% year-on-year, and on a cumulative basis, Pakistan recorded a current account surplus of $8 million in 9MFY26, down from $1.674 billion in the same period of FY25.
The data followed Pakistan’s receipt of funds from Saudi Arabia, which has helped shore up foreign exchange buffers ahead of an upcoming loan repayment to the United Arab Emirates (UAE).
Meanwhile, Asian stocks headed for a second week of strong gains while oil prices were pinned below $100 a barrel with investors dialling back risk ahead of a crucial weekend that could pave the way for a near-term resolution to the Middle East war.
A 10-day ceasefire between Lebanon and Israel went into effect on Thursday, and President Donald Trump said the next meeting between the U.S. and Iran may take place over the weekend, when their current ceasefire is due to expire.
Reporter: Basim Iftikhar