PSX extends bullish run, surges over 1,480 points
Overall market participation was strong, as 1,066 million shares were traded with a total value of Rs. 49 billion. KEL led the volume chart, with 195.8 million shares..Photo: Express
The Pakistan Stock Exchange (PSX) extended the bullish mode on Thursday, with the benchmark KSE-100 Index climbing more than 1,480 points in the first hours of trading, reflecting continued investor confidence in the local bourse.
As of the latest update, the KSE-100 Index stood at 173,187.93, up 1,483.18 points or 0.86% from Wednesday’s closing of 171,704.75. The Index touched an intraday high of 173,187.93 and a low of 171,541.04, showing solid buying interest throughout the session.
Trading volume remained robust, with 238.8 million shares exchanged, while the total value of trades reached approximately Rs21.87 billion.
Market analysts attribute the positive momentum to a combination of factors, including easing tension between the US and Iran. Blue-chip stocks across banking, fertiliser, and oil & gas sectors led the gains.
Read: ME peace deal hopes ignite strong PSX rally
Earlier on Wednesday, with growing hopes for a lasting peace agreement between the United States and Iran, the PSX staged a robust rally, during which it notched up gains of nearly 7,000 points, powered by deep investor interest in high-yielding stocks across the board.
The market commenced trading on a vibrant note as investors rejoiced at news reports that the US president had signalled a temporary pause in operations to escort ships through the Strait of Hormuz following progress towards a broader agreement with Iran. The development injected a strong sense of relief into the financial landscape, prompting investors to return aggressively to equities.
During the session, the benchmark KSE-100 Index oscillated between the intra-day high of 172,088.58 and the low of 167,354.44. It ended trading with a staggering increase of 6,962.29 points, or 4.23%, to close at 171,704.76.
KTrade Securities equity trader Ahmed Sheraz noted that the KSE-100 delivered a powerful rebound, closing up 6,962 points (+4.23%), which marked a standout session with broad-based strength. Momentum remained firmly positive throughout the day, supported by strong KSE-100 volumes of 562 million shares, reflecting aggressive participation and renewed risk appetite after recent volatility.