PSX rallies over 3,400 points amid strong buying

With trading still underway, benchmark KSE-100 index holds firm above 157,000

KARACHI:

The Pakistan Stock Exchange (PSX) continued to trade on a strong positive note on Wednesday, with the benchmark KSE-100 index maintaining firm upward momentum during the ongoing session.

As of the latest update, the index stood at 157,392.32 points, up 3,425.96 points (2.23%) from the previous close of 153,966.36. Earlier in the day, at around 11:55 am, the index was recorded at 157,385.66, showing a gain of 3,419.30 points (2.22%). The market sustained this strength into the afternoon, gradually advancing to a gain of around 3,424 points by 2:00 pm.

Read: KSE-100 up 942 points in early trade amid volatility

During the session so far, the index touched an intra-day high of 158,276.58 and a low of 155,199.71, reflecting a clear upward bias amid some intra-day fluctuations. Trading activity remained healthy, with a total volume of 275.46 million shares and a traded value of Rs21.13 billion, indicating active market participation.

With trading still in progress, overall sentiment remained positive, driven by continued buying interest across key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, and power generation and refinery. The market is expected to remain firm in the near term, although some profit-taking may emerge at higher levels.