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Pakistan Stock Exchange rallies as UBL posts 126% profit surge

KSE-100 index climbs 2.1%, settling at 117,316 points

Pakistan Stock Exchange rallies as UBL posts 126% profit surgeplay icon
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The Pakistan Stock Exchange (PSX) experienced a strong rally this week, fueled by encouraging news and UBL's stellar first-quarter performance. UBL reported a remarkable 126% year-on-year increase in earnings per share, reaching PKR 29.34.

Investor sentiment was further bolstered by Fitch Ratings' upgrade of Pakistan's Long-Term Foreign Currency Issuer Default Rating (IDR) to B- from CCC+.

Consequently, the KSE-100 index climbed 2.1%, settling at 117,316 points.

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