PSX rises 356 points amid buying in banks, energy and cement stokes
The Pakistan Stock Exchange (PSX) continued its upward trend during Tuesday’s trading session, with investors showing interest in several major sectors.
The benchmark KSE-100 index gained 356.09 points, or 0.21%, to close at 171,509.25 points.
The latest increase came as buying activity remained visible in several important areas of the market, helping the index stay in positive territory during the session.
KSE-100 index moves higher
During the trading session, the KSE-100 index recorded an intraday high of 171,680.73 points.
The index also touched an intraday low of 171,372.29 points, showing a relatively narrow trading range around the 171,500 level.
Trading activity remained active, with 48.85 million shares changing hands during the session.
The market’s performance reflected continued investor participation, particularly in stocks from sectors that carry significant weight in the benchmark index.
Banks, energy and cement stocks attract buying
Buying interest was reported across several major sectors, including automobile assemblers, cement manufacturers and commercial banks.
Investors also showed interest in oil and gas exploration companies, power generation firms and refinery stocks.
The activity in these sectors provided support to the overall market and helped the KSE-100 index maintain its upward movement.
Several major companies also traded in positive territory during the session.
ARL, HUBCO, MARI, OGDC, POL, HBL, MCB, MEBL and NBP were among the prominent stocks contributing to the market’s gains.
The movement in these index-heavy stocks was particularly important because large companies can have a significant impact on the direction of the benchmark index.
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PSX extends gains from previous session
Tuesday’s advance came after the market also closed higher in the previous trading session.
The KSE-100 index had gained 268.58 points, or 0.16%, in the earlier session, ending at 171,153.17 points.
The latest increase therefore extended the market’s recent positive momentum.
With the index closing above 171,500 points, investors will continue to watch trading activity in major sectors and index-heavy companies for signs of how the market may move in upcoming sessions.
The performance of banking, energy, cement, power and refinery stocks is likely to remain important for the broader direction of the benchmark index.
