The Pakistan Stock Exchange (PSX) saw buying momentum with the benchmark KSE-100 Index gaining over 5,000 points on Thursday.
At close, the benchmark index settled at 161,210.67, a gain of 5,433.46 points or 3.49%.
Buying activity was observed across several key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation and refineries. Index-heavy stocks such as ARL, HUBCO, MARI, OGDC, PPL, POL, PSO, SNGPL, SSGC, MCB, MEBL, NBP and UBL traded in positive territory.
On Wednesday, the PSX experienced another volatile session, with the benchmark KSE-100 Index ending lower as cautious investor sentiment, geopolitical tensions and wide intraday fluctuations kept market participants on the sidelines.
The KSE-100 Index fell by 1,354.88 points, or 0.86%, to close at 155,777.21 points.
Meanwhile, oil prices climbed on Thursday amid rising concerns over the prolonged closure of the Strait of Hormuz, as the ongoing US-Iran conflict disrupts critical Middle East oil and gas supply routes and production facilities curb output.
Brent crude gained $1.67, or 2.05%, to trade at $83.07 per barrel at 0141 GMT, while US West Texas Intermediate (WTI) crude increased by $1.94, or 2.60%, to $76.60 per barrel.
