PSX surges over 1,400 points in early trading

KSE-100 rises 0.8% to 185,514 amid robust volumes

KARACHI:

The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday, with the benchmark KSE-100 Index climbing over 1,400 points in midday trading, reflecting positive investor sentiment amid ongoing market optimism.

As of midday, the KSE-100 Index stood at 185,514.10 points, up 1,464 points or 0.8 percent from the previous close of 184,050.10. The Index touched an intraday high of 185,890.52 and a low of 184,840.56, demonstrating sustained momentum throughout the session.

Trading volume reached 264.97 million shares, while the total value of shares traded stood at Rs24.65 billion. The market remained open with broad-based participation across key sectors.

Analysts attribute the rally to continued foreign investor interest, expectations of stable macroeconomic indicators, and a positive corporate earnings outlook in select sectors. Banking, energy, and fertiliser stocks were likely among the top contributors, though specific scrip-level details were awaited.

The rally comes after recent volatility, with the Index showing resilience despite global cues. Market participants are closely watching developments in the energy sector, rupee stability, and upcoming policy signals from the State Bank of Pakistan.

Read: PSX soars 3748 points on easing inflation

On Wednesday, PSX staged a strong rally where the benchmark KSE-100 Index climbed more than 2% as aggressive buying in heavyweight sectors reflected growing investor confidence in the country's economic outlook.

The KSE-100 closed at 184,050.10, up 3,748.40 points, or 2.08%. It touched the intra-day high of 184,234 after slipping to the low of 180,566, with sustained buying propelling the market sharply higher.

The rally was driven by strong demand for stocks of commercial banks, oil and gas exploration companies, oil marketing firms, cement manufacturers, auto assemblers and power generation companies.