The Pakistan Stock Exchange (PSX) on Thursday extended its rally on positive investors’ sentiment as the KSE-100 Index gained nearly 2,200 points.
At close, the KSE-100 Index settled at 165,373.31, an increase of 2,184.78 points or 1.34%.
Broad-based buying activity was seen across major sectors, including automobile manufacturers, cement producers, commercial banks, oil and gas exploration firms, oil marketing companies (OMCs), power generation, and refineries. Key index-heavy stocks such as ARL, MARI, OGDC, POL, PPL, PSO, HBL, MCB, MEBL, and UBL ended the session in positive territory.
On Wednesday, the PSX ended on a strong note as robust institutional buying in heavyweight stocks boosted all major indices, despite persistent caution in the broader market. The benchmark KSE-100 Index jumped 1,496.04 points, or 0.93%, to close at 163,188.53.
Meanwhile, the Pakistani rupee recorded a slight uptick against the US dollar in the inter-bank market on Thursday. The currency closed at 280.55, appreciating by Rs0.01 compared to the previous day’s close of 280.56.
