The Pakistan Stock Exchange (PSX) experienced a strong buying rally on Friday, with the benchmark KSE-100 Index rising over 600 points in the early hours of trading.

At 9:20am, the index stood at 115,705.29, reflecting an increase of 611.06 points, or 0.53%.

Key sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, and refineries showed notable buying momentum.

High-weight stocks like ARL, HUBCO, MARI, OGDC, PSO, SSGC, MEBL, HBL, and UBL all traded in positive territory.

In a related development, the Federal Board of Revenue (FBR) reported that it collected Rs7,346 billion during the first eight months (July-February) of the 2024-25 fiscal year, falling short of the target of Rs7,947 billion by Rs601 billion.

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Shares at PSX gain around 800 points in intraday trade

KSE-100 index surges over 1,400 points in strong opening trade

Bullish momentum resurfaces at PSX as KSE-100 Index rises over 2,100 points

The FBR’s provisional data indicated that Rs850 billion was collected in February 2025, against a target of Rs983 billion, resulting in a shortfall of Rs133 billion.