PSX Rally: Pakistan Stocks Climb Towards 180,000 on Broad-Based Buying
KARACHI: Pakistan’s stock market extended its gains on Wednesday as renewed buying momentum pushed the benchmark KSE-100 index higher, strengthening the PSX Rally and moving the market closer to the 180,000-point mark.
Investors track gains at the Pakistan Stock Exchange trading floor.
KARACHI: Pakistan’s stock market extended its gains on Wednesday as renewed buying momentum pushed the benchmark KSE-100 index higher, strengthening the PSX Rally and moving the market closer to the 180,000-point mark.
The KSE-100 index rose by 1,666.85 points, or 0.94%, to reach 179,359.77 by 1:24pm, continuing its upward movement after a positive opening session.
Earlier in the day, the benchmark index had advanced 551.65 points, or 0.31%, to 178,244.57 by 9:34am before accelerating further during intra-day trading.
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The market touched an intra-day high of 179,540.31 and a low of 177,931.32, while total traded volume reached 271.61 million shares.
The rally was supported by strong investor demand across key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, oil marketing companies and power generation firms.
Heavyweight stocks recorded broad gains and helped sustain upward momentum across the market. Investor sentiment remained positive as traders responded to sector-wide strength and expectations for continued market stability.
The latest advance also reflected growing confidence in the market’s medium-term outlook despite ongoing macroeconomic challenges and cautious economic conditions.
