KARACHI: The Pakistan Stock Exchange (PSX) continued its upward march on Wednesday, with the benchmark KSE-100 index surging 4,698 points, or 2.76 per cent, to close at 170,333.71. The rally was broad-based, with the KSE-30 gaining 2.97pc, the KMI-30 advancing 2.90pc, and the banking sector index (BKTI) rising 2.50pc. Trading volumes exceeded 101 million shares, with a traded value of nearly Rs5.9 billion across 41,732 transactions.
Investor sentiment was buoyed by a confluence of positive factors.
https://archive.mmnews.tv/trump-forecasts-amazing-breakthrough-as-islamabad-talks-enter-critical-phase/
On the international front, the ceasefire in the Middle East continues to hold, easing geopolitical anxieties. US President Donald Trump remarked that the truce may not need to be extended, as talks between Washington and Tehran could yield results within 48 hours. The prospect of progress in negotiations has reinforced hopes of sustained calm in global markets.
Domestically, Pakistan secured a $3 billion loan from Saudi Arabia, a development seen as strengthening the country’s external account and providing much-needed fiscal breathing space. Analysts noted that the inflow, coupled with easing global tensions, has bolstered investor confidence and triggered strong buying across sectors.
https://archive.mmnews.tv/pakistan-secures-3bn-in-saudi-loans-to-lift-reserves-bloomberg/
With 335 scrips advancing against only 22 declining, the rally reflected broad optimism. Market watchers said the combination of diplomatic progress abroad and financial support at home has created a rare alignment of positive sentiment, driving the PSX to fresh highs.
