PSX climbs 1,304 points to close at 166,678

Pakistan Stock Exchange (PSX) wrapped up Friday with robust gains as the KSE-100 Index rose 1,304 points to close at 166,678. 

The trading session began on a positive note and held steady, propelled by significant institutional purchases amid reports of Federal Board of Revenue plan to slash super tax rates for big companies, which lifted market morale.

Economic indicators revealed the Sensitive Price Index increasing 4.32% year-over-year and 0.73% from the prior week ending November 27. In company developments, Ghandhara Industries (GHNI) unveiled a collaboration with China's Zhongtong Bus Holding to launch and distribute upscale buses locally, contributing to the upbeat atmosphere.

Top-performing sectors on Friday included technology, exploration and production, power, and cement, with key contributors like Systems Limited (SYS), Pakistan Petroleum (PPL), Hub Power Company (HUBC), Oil and Gas Development Company (OGDC), and Lucky Cement (LUCK) adding a combined 609 points. Trading activity was vigorous, with 589.7 million shares exchanged, worth Rs41.9 billion; Sui Southern Gas Company (SSGC) led volumes at 39.1 million shares.