Buying Spree Lifts Pakistan Stocks After Flat Session
The Pakistan Stock Exchange (PSX) staged a strong comeback on Thursday, with the benchmark KSE-100 Index rising by nearly 1,200 points during intra-day trade. At 11:20am, the index stood at 157,339.47, up 1,161.66 points or 0.74%.
Buying momentum was visible across major sectors, including automobiles, cement, banks, oil and gas exploration, refineries, and power generation. Key index-heavy stocks such as HUBCO, ARL, MARI, OGDC, POL, PPL, PSO, SSGC, HBL, MEBL, MCB, and UBL all traded in positive territory.
The surge came a day after a cautious and largely flat trading session, when the index shed just 3.12 points to close at 156,177.82.
Market participants described Thursday’s rebound as a sign of renewed investor confidence amid positive developments at home and abroad.
Read More: Consumers To Face Increase In Electricity Bills September 2025
Meanwhile, sentiment was also buoyed by geopolitical progress. Saudi Arabia and Pakistan signed the Strategic Mutual Defence Agreement during Prime Minister Shehbaz Sharif’s visit to Riyadh, signalling stronger bilateral ties.
The pact stated that aggression against one country would be considered aggression against both.
Traders also monitored global trends. Asian markets showed mixed performance after the US Federal Reserve announced its first rate cut of the year but hinted at a cautious pace of easing. While Australian and New Zealand markets slipped, Japan, South Korea, and Taiwan posted gains.
