The KSE-100 Index rose as much as 2,217.90 points, or 1.22%, on Friday. Lower oil prices and stronger external-account data lifted sentiment at the Pakistan Stock Exchange.
The benchmark touched an intraday high of 183,477.57, up from its previous close of 181,259.67. Its intraday low stood at 181,880.54, still up 620.87 points, or 0.34%.
Market sentiment improved after oil prices retreated. No fresh U.S. military strikes in Iran were confirmed. In addition, a U.S. defence official told Al Jazeera late Thursday that the U.S. military had not carried out strikes in Iran in the past few hours.
Mehr News Agency reported late Thursday that multiple blasts were heard around Bushehr and Choghadak. Three more explosions were heard in Konarak. United States Central Command later told Al Jazeera that U.S. forces had not conducted strikes in Iran in the past few hours.
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At 0728 GMT, Brent crude futures fell 21 cents, or 0.28%, to $76.09 a barrel. U.S. West Texas Intermediate crude fell 15 cents, or 0.21%, to $71.93.
State Bank of Pakistan data released Thursday showed workers’ remittances reached $41.6 billion in fiscal year 2025-26. Remittances stood at $3.5 billion in June, up 2% year-on-year but down 18.3% from May.
SBP said its foreign exchange reserves rose by $1.944 billion to $18.471 billion in the week ending July 3. This increase was driven by official inflows. Total liquid foreign reserves increased to $23.989 billion, while commercial bank reserves stood at $5.518 billion.
