PSX rally roars on as KSE-100 surges nearly 4,300 points

Investor sentiment remained firmly upbeat at the Pakistan Stock Exchange (PSX) on Wednesday as sustained buying momentum powered the benchmark KSE-100 index higher in a broad-based rally.

During the session, the index climbed to an intraday high of 154,684.45 and touched a low of 150,284.26. By around 1pm, gains stood at approximately 2.49%, reflecting steady investor confidence throughout the day.

By the close, the benchmark index surged 4,276.09 points, or 2.85%, to settle at 154,292.26, marking a continuation of the ongoing bullish trend.

Also Read: PSX rebounds on blue-chip buying

Market activity remained robust, with notable buying interest seen in automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, oil marketing companies (OMCs), along with power generation and refinery sectors, indicating widespread participation across the board.

Overall trading volume stood at 397.4 million compared to Tuesday’s tally of 260.4 million, while the value of traded shares stood at Rs22.3 billion.

Shares of 483 companies were traded of which 339 closed higher, 79 fell and 65 remained unchanged. The Bank of Punjab was the volume leader, with trading in 54.8 million shares, rising Rs1.76 to close at Rs27.55.