Overview
- The benchmark rose 2,184.78 points on Thursday and 1,304.39 points on Friday to close at 166,677.70, moving toward analysts’ near‑term 170,000 target.
- Friday’s turnover strengthened to about Rs41.9–42.0 billion on roughly 592–593 million shares, up from Rs30.6 billion and 498 million shares a day earlier.
- Banks, exploration and production, cement and technology led advances, with Meezan Bank, Lucky Cement, PPL, OGDC, Engro and Systems among key contributors.
- Foreign investors were net sellers, with outflows of about Rs1.8 billion on Thursday and roughly Rs1 billion on Friday, while domestic institutions provided the buying power.
- The two-session surge capped a 2.8% weekly and roughly 3.1% monthly rise, helped by media reports of possible super tax relief and corporate developments including Reko Diq financing progress and Ghandhara’s Zhongtong bus partnership, with tax changes yet to be confirmed.