PSX continues positive trend as KSE-100 gains nearly 900 points

KARACHI: The Pakistan Stock Exchange (PSX) maintained its positive momentum on Thursday, with the benchmark KSE-100 Index rising by nearly 900 points.

At the close of trading, the index stood at 181,398.21 points, showing an increase of 887.19 points or 0.49%.

Investor activity remained strong across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies, and power generation.

Major stocks such as HUBCO, PAEL, KML, OGDC, UBL, and PPL performed positively and contributed to the market’s gains.

A day earlier, the market had also shown a slight upward trend, although profit-taking after a strong two-day rally limited further gains. The KSE-100 Index had increased by 118.04 points to close at 180,511.02.

Investor sentiment remained supported by easing global oil prices and improving geopolitical conditions, which helped boost confidence in the market.

In international markets, oil prices also declined. US West Texas Intermediate (WTI) crude fell by 1.25% to $75.83 per barrel, while Brent crude dropped by 1.4% to $78.41 per barrel.