The Pakistan Stock Exchange (PSX) witnessed yet another significant upswing on Friday, driving the benchmark KSE-100 index to a new all-time high.

The index is up 126.38 points, with the current level at 138,791.87, marking a 0.09% gain from the previous close of 138,665.49 during intra-day trading.

The market touched a record high of 140,585.38 and a low of 138,551.61, showcasing a wide trading range driven by active participation across key sectors.

Trading volume remained strong at 107 million shares, while the daily traded value reached Rs11.38 billion, underlining continued investor interest in equities amid stabilising macroeconomic signals.

Read: PSX climbs to new peak above 138,000

PSX continued its upward trajectory for the third consecutive week. On July 14, the PSX opened the week by hitting an all-time high, surging past the 136,000 mark.

The benchmark KSE-100 index added another 2,202.77 points, or 1.64%, to settle at 136,502.54 at the close of trading.

According to Topline Securities, the KSE-100 index surged to an intra-day high of 2,542 points before closing at a new all-time peak of 136,503, registering a remarkable gain of 2,203 points, or 1.64%.

Read more: PSX rises past 136,000 to new all-time high

“The rally was fuelled by strong participation from local mutual funds and institutional investors,” it said in a report.

Arif Habib Limited (AHL), in its report, called Monday’s trading a very strong start to the week with the KSE-100 gaining 1.64% day-on-day to clear the 136k level.

Meanwhile, KSE-100 index of the PSX advanced by 2,351 points, or 2% week-on-week, to settle at 134,300, marking the second consecutive week of gains.

The rally was supported by a robust earnings outlook, record-high remittances, and favourable macroeconomic developments.

Also read: PSX marks 2nd week of record highs

Key drivers included reports of a US-Pakistan trade framework, a $2 billion investment deal with Azerbaijan, and growing optimism over potential Panda bond issuance.

Meanwhile, the State Bank’s foreign exchange reserves climbed to a 39-month high of $14.5 billion, further strengthening investor confidence.

Syed Danyal Hussain of JS Global observed that the KSE-100 index extended its bullish run during the outgoing week, gaining 2,351 points to close at 134,300.

The rally was driven by several positive developments, including a surge in remittances, which reached an all-time high of $38.3 billion in FY25.

Investor sentiment was further supported by reports of a potential understanding between Pakistan and the US on reciprocal tariffs, alongside news that a Dubai-based bank arranged a $1 billion financing for Pakistan.