The local bourse saw strong buying interest from local funds after a drop in PIB yields boosted investor confidence. The momentum pushed the index to an intraday high of 1,935 points, before it closed at 171,960—up by 1,646 points or 0.97%—marking a firm and broad-based session for the market.
Strength in ENGROH, FFC, UBL, LUCK, and BAHL underpinned positive momentum, collectively contributing 1504 points to the index. This upside, however, was partly negated by declines in PIOC, DHPL, and MLCF, which together subtracted 176 points.
Market engagement remained healthy, with total traded volume reaching 947 million shares and overall turnover registering Rs. 54.02 billion.
Bullish momentum continued at the Pakistan Stock Exchange (PSX) on Thursday as the KSE-100 index benchmark surged more than 1,100 points in early trade.
It was trading at 171,455.35, which was up by 1,141.50 points, or 0.67% in the opening sessions of trade.KSE-100 slips 133 points on profit-taking pressure
Investors have seen buying interest across key sectors, which include cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries.
Index-heavy stocks also contributed to the rally, and stocks with better performance included ARL, HUBCO, PSO, SNGPL, SSGC, MARI, MEB, MEBL, and NBP, trading in positive territory.
