Karachi: The KSE-100 Index experienced a notable upswing on the last trading day of the week, closing with a significant gain. This positive movement was primarily driven by strong buying interest in the technology, banking, and oil sectors, with major contributions from key companies that helped push the index upward.

According to JS Global, the index surged to a high of 78,823 points during the day, eventually settling at 78,569 points by the close, marking an increase of 695 points. Major contributors included Mari Petroleum, United Bank Ltd, Meezan Bank, MCB Bank, and Systems Limited, which together added 508 points to the index. The robust activity in these sectors reflects investor confidence and a strategic focus on profitable areas of the market.

Going forward, the market is expected to enter a consolidation phase, with JS Global advising investors to consider booking profits at higher levels. This strategic guidance aligns with the overall positive trajectory seen in the market, suggesting a cautious approach amid potential volatility.