PSX rallies over 1,400 points as buying lifts KSE-100

The Pakistan Stock Exchange (PSX) continued its upward momentum on Thursday, with the benchmark KSE-100 index gaining more than 1,400 points by midday amid renewed buying interest.

The index stood at 166,830.69 points around midday, rising 1,413.19 points, or 0.85 per cent, from Wednesday’s closing level of 165,417.50. Trading was still underway, with the market maintaining its positive trajectory.

During the session, the benchmark touched an intraday high of 166,868.14 points and a low of 165,613.11 points. A total of 112.76 million shares changed hands, with the value of traded shares reaching Rs6.84 billion.

Thursday’s gains followed a recovery in the previous session, when the index advanced 641 points to close above the 165,000-point mark. The market had experienced volatility earlier, but selective buying helped the benchmark recover from its intraday low.

Buying interest in selected heavyweight stocks supported the latest advance, allowing the index to remain above 166,800 points by midday. Investors continued to monitor market activity as trading progressed.

However, the final performance of the benchmark remained uncertain, as activity during the remaining hours of the session could influence the closing level.