PSX surges over 3,600 points as bullish trend continues

The Pakistan Stock Exchange continued its strong performance on Thursday as the benchmark KSE-100 Index gained more than 3,600 points.

At the end of trading, the KSE-100 Index closed at 168,514.44 points, showing an increase of 3,683.02 points, or 2.23%.

Strong buying activity was seen in several major sectors, including automobile companies, cement, banks, oil and gas firms, power generation companies, and refineries. Major stocks such as Hub Power Company, Mari Energies, Oil and Gas Development Company, Pakistan Petroleum Limited, and United Bank Limited also remained in positive territory and supported the market’s upward trend.

A day earlier, the PSX had also closed higher, with the KSE-100 Index gaining 1,934.74 points to settle at 164,831.42 points as investor confidence improved.

Meanwhile, international oil prices also moved higher on Thursday. Prices recovered after investors closely followed ongoing peace talks between the United States and Iran, while concerns about supply and lower U.S. crude inventories also supported the market.

Brent crude oil rose by $1.27 to $106.29 per barrel, while U.S. WTI crude increased by $1.29 to reach $99.55 per barrel.