The KSE-100 Index soared over 750 points on Thursday, closing at a record high of 82,721.76, with key sectors leading the rally.
- Strong Buying Interest in Key Sectors Drives Market Rally
- Major Stocks Like HBL and OGDC Contribute to Index Growth
KARACHI – The Pakistan Stock Exchange (PSX) witnessed a significant surge in trading on Thursday, with the benchmark KSE-100 Index gaining over 750 points, setting a new record. By the close of the day, the index settled at 82,721.76 points, marking an impressive rise of 754.76 points or 0.92%.
The market rally was driven by strong buying interest in several key sectors, including automobiles, cement, commercial banks, fertilizers, oil and gas exploration companies, and oil marketing companies (OMCs). Major index contributors such as HBL, BAFL, FFC, EFERT, OGDC, PPL, and PSO traded positively, helping push the market to its new peak.
This sharp increase follows Wednesday’s session, where the PSX saw mixed trading activity. The KSE-100 Index fluctuated throughout the day but closed slightly higher at 81,967.01 points, up by 162.41 points or 0.20%.
The current upward momentum reflects investor confidence in key sectors, with increased participation from both local and foreign investors contributing to the market’s robust performance.