KARACHI: The Pakistan Stock Exchange (PSX) witnessed a massive upswing on Wednesday, with the benchmark KSE-100 Index jumping 2,473 points to close at 160,657 points, marking a strong continuation of the market’s bullish trend.
At the start of trading, the market showed robust momentum, with the index rising by over 2,500 points to reach an intraday high of 160,846 points. The rally was fueled by broad-based buying across multiple sectors, reflecting strong investor confidence and expectations of economic stability ahead.
According to market analysts, heavy buying activity was recorded in automobile assemblers, cement, commercial banks, fertilizer, oil and gas exploration, oil marketing companies (OMCs), power generation, and refinery sectors. Major gainers included HUBCO, ARL, Mari Petroleum, OGDC, PPL, POL, DG Khan Cement, HBL, MCB, Meezan Bank, and UBL, all of which traded firmly in the green zone.
The rally helped the index regain the psychological 160,000-point level, a mark last seen during strong bullish phases earlier this year. Traders say improving investor sentiment, expectations of lower inflation, and stability in the rupee contributed to the upbeat performance.
In the previous trading session, the KSE-100 had closed at 158,183 points, gaining 313 points by the end of the day. The strong follow-up rally on Thursday indicates growing optimism in the local equity market, with investors betting on corporate earnings growth and positive macroeconomic signals.
