Bulls extended their march at the Pakistan Stock Exchange (PSX) on Wednesday, with continued buying pushed the benchmark KSE-100 Index up over 4,000 points.
On the third day of the business week, the stock market saw a remarkable surge.
At the closing session, the KSE-100 Index gained 4,276.09 points to reach 154,292.25 points or 2.77%.
Out of 568 active companies in the ready market, 339 advanced, 79 declined, and 150 remained unchanged.
Widespread buying activity was observed across multiple sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration, oil marketing companies, power generation, and refineries.
Major index contributors such as DGKC, HBL, MCB, MEBL, MARI, OGDC, POL, PPL, PSO, SNGPL, and SSGC traded in positive territory.
The upward movement aligned with trends in global markets, where equities advanced after a pause in the recent rise in oil prices. Investors are also tracking central bank decisions, particularly the US Federal Reserve’s policy announcement.
Earlier on Tuesday, the index had turned around to bullish trend gaining 837.50 points, a positive change of 0.56 percent, closing at 150,016.16 points
The Bank of Punjab topped the volume chart with 32.250 million shares, followed by K-Electric Limited with 18.076 million shares and WorldCall Telecom with 17.871 million shares.
The top gainers included Unilever Pakistan Foods Limited, which rose by Rs 234.62 to close at Rs 24,452.00, and PIA Holding Company LimitedB, which gained Rs 150.00 to settle at Rs 16,200.00.
