Bullish momentum at bourse, KSE-100 gains over 1,100 points in early trade

Bullish momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,100 points during the opening minutes of trading on Friday. At 9:30am, the benchmark index was hovering at 167,424.92, an increase of 1,141.37 points or 0.69%. Across-the-board buying interest was observed in key sectors, including automobile assemblers, cement, fertilizer, commercial banks, oil and gas exploration companies, OMCs and power generation. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, POL, PPL, SSGC, NBP and UBL, traded in the green. The positive sentiment came as the Saudi Fund for Development (SFD), on behalf of the Kingdom of Saudi Arabia, extended the term for the deposit of $3 billion maturing on December 8, 2025, for another year.