PSX surges as KSE-100 index jumps 2,837 points
The rally helped the market recover three important psychological levels in a single trading session.
The PSX witnessed a powerful recovery on Thursday as investors aggressively bought shares across major sectors. The broad-based rally pushed the benchmark KSE-100 Index higher by 2,837 points and strengthened market sentiment.
The KSE-100 Index ended the day at 178,123.42 points after reaching an intraday high of 178,431.37 points. In the previous session, the benchmark had closed at 175,285.52 points.
Trading activity remained strong throughout the session as investors showed renewed interest in equities. More than 731.2 million shares were traded, with the total value of transactions reaching around Rs34 billion.
A total of 565 companies participated in trading on the Pakistan Stock Exchange. Among them, 343 stocks gained value, 129 declined, while the remaining shares closed unchanged.
Market experts said buying interest remained visible in several leading sectors. They noted that improving investor confidence and gains across a wide range of stocks helped keep the market in positive territory throughout the day.
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The latest rally comes after another strong session in which the market gained 1,766 points. That earlier advance had pushed the benchmark index above key psychological levels and signaled growing optimism among investors.
In the previous trading session, the KSE-100 Index settled at 175,285.18 points after touching an intraday high of 176,701 points. Around 580 million shares changed hands in deals valued at nearly Rs26 billion.
Out of 565 traded companies in that session, 361 recorded gains while 104 posted losses. The remaining stocks finished the day without any change.
The market’s strong performance suggests that investor confidence is improving. If buying interest continues and economic expectations remain positive, the stock market could maintain its upward momentum in the coming sessions.
