The Pakistan Stock Exchange (PSX) witnessed a strong bullish rally on Wednesday, with the benchmark KSE-100 Index surging by 2,328.24 points—a 1.91% increase—closing at a historic high of 124,352.68 points.
Market analysts attributed the surge to investor optimism following the federal budget presented by Finance Minister Muhammad Aurangzeb in the National Assembly a day earlier.
Trading activity remained robust, with 331.8 million shares exchanged, though lower than the previous session’s 592.9 million. However, the total value of traded shares rose to Rs. 31.78 billion, up from Rs. 21.83 billion.
Out of 477 companies that traded, 282 saw gains, 157 declined, and 38 remained unchanged. Strong buying interest was observed across major sectors such as automobile manufacturing, cement, commercial banking, oil and gas exploration, oil marketing, and power generation.
Notable gainers included key index-heavy stocks like HUBCO, PSO, WAFI, MARI, OGDC, PPL, POL, HBL, MCB, MEBL, and UBL, all of which contributed positively to the day’s rally.
