PSX surges as KSE-100 rises nearly 2,200 points

The Pakistan Stock Exchange (PSX) continued its upward trend on Thursday, driven by positive investor sentiment, with the KSE-100 Index rising nearly 2,200 points.

At the close, the KSE-100 Index settled at 165,373.31, up 2,184.78 points or 1.34%. Broad-based buying 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 stocks such as ARL, MARI, OGDC, POL, PPL, PSO, HBL, MCB, MEBL, and UBL ended the session higher.

On Wednesday, the PSX also closed strongly, supported by robust institutional buying in heavyweight stocks, despite caution in the broader market. The benchmark KSE-100 Index had jumped 1,496.04 points, or 0.93%, to close at 163,188.53.

Meanwhile, the Pakistani rupee saw a slight increase against the US dollar in the inter-bank market on Thursday. The currency closed at 280.55, up by Rs0.01 from the previous day’s close of 280.56.

The ongoing gains in the stock market reflect renewed investor confidence and active trading in major sectors.

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