KARACHI: The Pakistan Stock Exchange (PSX) maintained its upward momentum on Thursday as bullish sentiment continued to dominate trading activity. The benchmark KSE-100 Index rose by over 1,480 points in early trading, reflecting sustained investor confidence and strong buying across major sectors.
The KSE-100 Index reached 173,187.93 points, up by 1,483.18 points or 0.86% compared to the previous close of 171,704.75. During the session, the index touched an intraday high of 173,187.93 and a low of 171,541.04, indicating consistent positive sentiment throughout the trading day.
Market participation remained robust, with 238.8 million shares traded, while the total transaction value stood at approximately Rs21.87 billion. Market analysts said that major support came from blue-chip companies in the banking, fertiliser, and oil and gas sectors, which led the rally.
Earlier in the week, the PSX had recorded an even sharper surge of nearly 7,000 points in a single session, driven by improved global market sentiment. Investor confidence was boosted by reports of easing geopolitical tensions between the United States and Iran, which strengthened risk appetite in emerging markets.
The market opened strongly following news of a temporary easing of activity around the Strait of Hormuz, which helped reduce concerns in global energy markets and encouraged renewed equity investment. In that session, the KSE-100 fluctuated between an intraday high of 172,088.58 and a low of 167,354.44 before closing at 171,704.76, marking a gain of 6,962.29 points or 4.23%.
According to KTrade Securities analyst Ahmed Sheraz, the rally was broad-based and supported by heavy trading volumes of 562 million shares, reflecting strong investor participation and improved risk sentiment after recent volatility.
Overall, the continued upward trajectory highlights strengthening investor confidence, improved liquidity conditions, and supportive macroeconomic indicators for Pakistan’s equity market.
Meta Fine has reached a new milestone after a New Mexico court ordered the social…
Zbtlink Routers have come under scrutiny after Chinese networking equipment maker Zbtlink Electronics suspended sales…
The Women's Asia Cup will begin on August 28 after the Asian Cricket Council (ACC)…
Yan Diomande has completed a move to Real Madrid after the Spanish club reached an…
Weekly inflation in Pakistan increased by 0.28% during the latest week, while the annual inflation…
The federal government has reduced petrol prices and high-speed diesel (HSD) rates under the latest…
This website uses cookies.