Pakistan, July 5 -- The Pakistan Stock Exchange (PSX) witnessed remarkable growth during the first week of the new fiscal year 2024-25. The benchmark KSE-100 Index jumped by 7,570 points, closing at 131,949 on Friday. This marks one of the biggest weekly gains in recent years.

The index remained highly volatile during the week, moving between a low of 124,500 and a high of 132,129 points. Analysts attributed the market's strong performance to positive investor sentiment, improved foreign exchange reserves, and political stability after the federal budget.

Throughout the week, over 4.83 billion shares were traded across various sectors. The trading volume remained high, especially in banking, energy, and cement sectors. The total traded ...