By Digital Spartans 
carried forward its positive momentum on Friday as investors reacted strongly to encouraging political and financial developments. Market confidence improved after the National Assembly approved the 27th Constitutional Amendment, a move seen as a key step toward political stability. The expectation that the International Monetary Fund (IMF) will release a $1.2 billion loan tranche next month further strengthened overall sentiment.
By the time trading paused for Friday prayers, the benchmark KSE-100 index had risen by 1,011.93 points, reaching 161,669.42. Out of 459 companies trading during the session, 285 recorded gains, 133 declined, and 9 remained unchanged, reflecting broad-based investor participation.
Market analysts noted that the approval of the constitutional amendment eased concerns regarding governance and institutional clarity. This helped fuel optimism among investors who had remained cautious amid recent political shifts. The possibility of the IMF approving the upcoming tranche added another layer of confidence, reinforcing expectations of economic stability in the near term.
The upbeat momentum followed Thursday’s strong rally, where the KSE-100 index jumped by 2,473.55 points, closing at 160,657.50 with a 1.56 percent increase. Trading activity remained robust, with 797.17 million shares worth Rs35.12 billion exchanged, compared to 757.24 million shares worth Rs33.41 billion the previous day. Market capitalization also strengthened, rising to Rs18.29 trillion from Rs18.07 trillion.
Among top performers in Thursday’s session, Bank Makramah led the volume chart with over 112 million shares traded. Dost Steels Ltd. and F. Nat. Equities followed, reflecting continued interest in high-volume counters. Unilever Pakistan Foods Limited and ZIL Limited emerged as notable gainers, registering significant price increases.
Meanwhile, PIA Holding Company Limited-B and Gillette Pakistan Limited were among the session’s major losers, with both companies seeing noticeable declines. In the futures market, sentiment remained firmly positive as 263 out of 324 active companies closed in the green.
The PSX’s recent performance indicates renewed investor confidence as political clarity improves and Pakistan anticipates fresh IMF inflows. Market watchers expect the momentum to continue if economic indicators remain stable and policy direction stays on track.