The Pakistan Stock Exchange (PSX) continued its upward momentum on Thursday, with the benchmark KSE-100 Index recording strong gains in early trading as investor confidence remained high in the local equity market.
The index surged by more than 1,480 points, reflecting sustained buying interest across key sectors. At the latest update, the KSE-100 Index stood at 173,187.93 points, showing an increase of 1,483.18 points or 0.86% compared to the previous session’s close of 171,704.75.
During the trading session, the index touched an intraday high of 173,187.93 and a low of 171,541.04, indicating steady upward movement supported by active participation from investors.
Market activity remained robust, with approximately 238.8 million shares traded and total turnover reaching Rs21.87 billion, highlighting strong liquidity and continued market engagement.
Analysts attributed the bullish trend to easing geopolitical tensions between the United States and Iran, along with renewed interest in blue-chip stocks across banking, fertiliser, and oil and gas sectors.
Earlier in the week, the market had witnessed an even stronger rally, gaining nearly 7,000 points in a single session as optimism grew over potential progress in US-Iran relations. Reports suggesting a temporary pause in operations around the Strait of Hormuz had further boosted investor sentiment, encouraging a shift back into equities.
The KSE-100 Index during that session fluctuated between an intraday high of 172,088.58 and a low of 167,354.44 before closing at 171,704.76, marking a sharp gain of 6,962.29 points or 4.23%.
Market expert Ahmed Sheraz of KTrade Securities noted that the strong rebound reflected broad-based buying, with high trading volumes of 562 million shares indicating renewed risk appetite after recent volatility.
Overall, the continued upward trend reflects improving investor confidence and positive macroeconomic sentiment, supported by global geopolitical developments and strong participation in leading sectors.
