Bulls in action cause PSX to soar past 140,000 for the first time.

Friday’s trading activity on the Pakistan Stock Exchange (PSX) is still exciting because of a robust buying rally fuelled by significant institutional flows and upbeat local investor sentiment.

The KSE-100 index increased by 1,336.68 points during intraday trading, or 0.96 percent, to hit a new high of 140,002.17 points.

On Thursday, the benchmark index continued its bullish trend from the previous day, closing at 138,665.50 points after gaining 2,285.53 points, or 1.68 percent.

During the day, 780,007,655 shares worth Rs 39.975 billion were exchanged.

Out of the 486 companies that traded their shares on the stock exchange, 306 made money and 154 lost money, while the share prices of 26 companies stayed the same.

First Dawood Prop, with 42,478,624 shares at Rs7.00 per share, Ghani Chemworld, with 26,020,919 shares at Rs 13.21 per share, and Pak International Bulk, with 82,666,164 shares at Rs 10.09 per share, were the top three trading companies.

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While the yen headed for a second consecutive week of losses ahead of Japan’s upper house election, Asian shares globally followed Wall Street higher on Friday as robust corporate earnings and still-strong U.S. economic data offset tariff concerns.

The S&P 500 and the Nasdaq closed at all-time highs overnight as U.S. data, such as retail sales and jobless claims, exceeded expectations, suggesting a slight improvement in the economy. This should allow the Federal Reserve to assess the impact of higher U.S. tariffs on inflation.

A weaker U.S. dollar helped streaming behemoth Netflix (NFLX.O) surpass Wall Street’s high expectations for second-quarter earnings. However, in after-hours trading, its share price dropped 1.8%, with analysts stating that a large portion of the growth had already been priced in.

The weekly gain reached 1.7% on Friday as MSCI’s broadest index of Asia-Pacific shares outside of Japan (.MIAPJ0000PUS) increased 0.8% to reach its highest level since late 2021.