KARACHI: Extending the bullish spell for the ninth straight week, the KSE-100 index posted a solid gain of over 2 per cent, closing at 149,493 points, buoyed by strong buying interest and an influx of mutual fund investments. The positive momentum came despite political uncertainties and a volatile market environment.

During the week, foreign inflows into mutual funds stood at $55.5m, contributing significantly to the market’s upward movement. According to Topline Securities, the index was also supported by positive developments on the macroeconomic front, including a narrowing of Pakistan’s current account deficit to $254m in July, down from $348m in the same month last year.

Additionally, industrial growth remained positive, with IT exports rising 24pc year-on-year in July, reaching $354m, up from $286m in July 2024. The Large-Scale Manufactu­ring (LSM) index also grew by 4.1pc year-on-year in June.

The week saw strong participation in the government’s treasury bill (T-Bill) auction, where the government raised Rs492bn out of a........

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