KARACHI: Buoyed by improving macroeconomic indicators and renewed investor confidence, the Pakistan Stock Exchange (PSX) extended its bullish spell during the outgoing week, with the KSE-100 index gaining 3.2 per cent week-on-week to close at a record 138,597.36.

This rally, driven by strong corporate earnings expectations, foreign interest, and local mutual fund activity, reflects growing optimism in the country’s economic turnaround, especially after the posting of the highest current account surplus in over two decades.

According to Topline Securities Ltd, sustained buying from local mutual funds supported market sentiment, while average daily traded volume and value stood at 763 million shares and Rs35.89bn ($126m), respectively.

Despite some intermittent profit-taking, Arif Habib Ltd (AHL) noted that the index advanced 4,298 points over the week, moving from 134,299.8 to 138,597.37.

Index hits record highs on strong earnings optimism

Macroeconomic indicators continued to show resilience. Pakistan recorded a current account surplus of $328m in June, pushing the........

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