PSX stages strongest rally in six months

The KSE-100 advanced 7,477 points, or 4.5%, over the week to finish at 173,887, marking its biggest weekly gain in almost half a year, The Express Tribune reported. The index climbed sharply through midweek, briefly reaching 175,380, before investors booked profits and it shed 1,493 points on the final session. Reports attributed improved sentiment to easing geopolitical worries and lower oil prices.

Arif Habib Limited said October inflation eased to 9.6% from 10.3% in September, while government securities attracted Rs385.6 billion against a Rs350 billion target. October urea sales rose 39% year on year to 487,000 tons: AGL recorded 36,000 tons, FFC 257,000, FATIMA 56,000 and EFERT 138,000. Separately, Brent ended at $98.5 per barrel, and petrol and high-speed diesel prices fell to Rs352.59 and Rs382.25 per litre, respectively. Weekly trading volume increased 43% to 856 million shares.