The Pakistan Stock Exchange (PSX) continues its strong upward trend, with the KSE-100 Index surging by 2.1%, reaching 113,141.20 points during intraday trading. This marks the first time the index has breached the 113,000-point barrier.
At 11:00 AM, the index rose by 2,330.99 points, climbing from the previous day’s close of 110,810.21 points. Throughout the trading session, the index fluctuated, hitting a high of 113,481.90 and a low of 111,308.65. Trading volume was robust, with 247.33 million shares exchanged, valued at over Rs20.11 billion.
Also Read: PSX Fluctuates as KSE-100 Index Remains Steady Above 110,000
This surge reflects the market’s resilience and investor confidence, driven by positive economic indicators, including expectations of a policy rate cut amidst 4.9% inflation—the lowest in six years. Recent increases in car sales (up 62%) and a cut in National Saving Schemes (NSS) rates have further fueled optimism.
Top-performing stocks, such as Mari Petroleum, Pakistan Petroleum, and Oil and Gas Development Company, have significantly contributed to the market gains. With strong local institutional buying, a total of 1.08 billion shares were traded on Wednesday, valued at Rs47 billion.
Investors remain hopeful, buoyed by expectations around the Special Investment Facilitation Council (SIFC) meeting and continued positive economic growth, signaling a stable market environment.
