KARACHI: The Pakistan Stock Exchange (PSX) opened strongly on Thursday, with the benchmark KSE-100 index climbing sharply in early trade. Investors showed confidence as the market surged over 1,100 points within the first ten minutes.
At around 9:36 AM, the PSX index had gained 1,124.34 points to reach 157,302.15, with an initial trading volume exceeding 30.6 million shares. By 9:45 AM, the index remained firmly in the green, standing at 156,978.85, up 801.04 points, while volume swelled to nearly 49.3 million shares. The bullish momentum continued, pushing the PSX to 157,535.36 by 9:59 AM, with more than 100 million shares traded.
By 10:04 AM, the PSX hovered around 157,531.02, marking an intraday gain of 1,353.21 points or 0.87 percent. The index recorded an intraday high of 157,590.52 and a low of 156,978.85, with overall traded volume reaching 106.7 million shares.
Over the past year, the PSX benchmark index has soared 95.78 percent, with a year-to-date gain of 36.83 percent. The 52-week range shows a low of 79,798.75 and a high of 157,816.77, highlighting the market’s strong upward trend.
Among top gainers, FPJM surged 17.92 percent to Rs6.58, DWSM climbed 15.46 percent to Rs7.47, and CSIL rose 10.98 percent to Rs4.85. Other notable risers included FIBLM, AMBL, PACE, BOP, ASLCPS, HAEL, and MSCL, each gaining around 10 percent.
On the downside, several PSX stocks faced selling pressure. ASLPS fell 10 percent to Rs22.50, while FIMM dropped 6.04 percent to Rs260. GUSM, IDRT, GEMBLUEX, and other mid-tier stocks also saw declines between 3 and 6 percent.
Within the KSE-100 constituents, heavyweights such as JVDC, JDWS, and GADT traded lower, while BOP, KTML, DGKC, FCCL, MARI, PSO, and HBL helped lift the index higher.
Wednesday’s session had closed slightly lower at 156,177.81, dragged down by Oil and Gas Exploration, Power Generation, Banks, and Fertiliser sectors. Technology, Cement, Real Estate, Automobile, and Textile sectors supported the index.
Investors are now watching closely to see if the PSX’s early bullish momentum continues and pushes the benchmark closer to its all-time high.
In other news read more about: PSX Continues Bullish Streak as KSE-100 Index Surges Over 700 Points
