The Pakistan Stock Exchange (PSX) made history on Thursday as the KSE-100 index surpassed the 100,000-point mark, driven by strong investor confidence. By 9:42 AM, the index rose by 947 points to reach 100,216 points, marking a recovery after a significant drop of 3,500 points earlier in the week due to political unrest in Islamabad. Trading volumes were high, with over 154 million shares traded, valued at Rs 4.5 billion.
This positive momentum followed a record-breaking performance on Wednesday when the KSE-100 surged nearly 4,700 points, its largest single-day gain. Investor sentiment improved as political tensions eased with the end of protests by the Pakistan Tehreek-e-Insaf (PTI) party. Major sectors, including banking, automobiles, oil and gas, and power generation, contributed to the rally.
Also Read: PSX Surges by 3,000 Points Following PTI Protest’s End
Top contributors to the market’s rise included companies like Fauji Fertiliser, Habib Bank, Systems Limited, and Pakistan Petroleum. Analysts attributed the bullish trend to stable economic indicators, decreasing inflation, and optimism about the rupee’s stability. Despite some challenges, the market displayed resilience, reflecting broader confidence in Pakistan’s economic recovery.
Key stats from the trading day:
- Index closed at 99,269.25 points on Wednesday, up 4,695 points.
- Market capitalization increased by Rs 526 billion.
- Leading sectors included banking, oil, and automobiles.
- Foreign investors sold shares worth Rs 1.88 billion.
