The local bourse moved higher once again on Thursday, supported by steady buying from local institutions that kept sentiment positive. The benchmark index touched an intraday high of 2,422 points, showing solid interest throughout the session.
By the close, the market settled at 165,373, gaining 2,184 points or 1.34%. Overall, it was another strong day for the market as buyers continued to lead the way.Stock Market Continues Gains
The banking sector stole the spotlight in today’s session, with MEBL, HBL, UBL, and MCB all closing higher than their previous levels, supported by healthy volumes.
In the E&P sector, OGDC and PPL were not far behind, as both stocks attracted investor interest and closed firmly in the green.
Key index heavyweights — MEBL, LUCK, PPL, OGDC, and ENGRO — acted as the main drivers of the rally, together contributing around 942 points to the benchmark’s overall gain.
Market participation remained on the lower side, with 495 million shares traded, while total turnover rose to Rs 30.5 billion. DSL emerged as the volume leader, recording 48.3 million shares traded.
