KARACHI – The Pakistan Stock Exchange (PSX) witnessed a continued bullish trend on Thursday, as the benchmark KSE-100 Index crossed the 120,000 mark, reflecting investor confidence and strong market sentiment.
Trading opened on a positive note, with the index gaining 577 points in early hours to reach 120,508.
At the time of reporting, the KSE-100 Index remained firm with an increase of 554 points, trading at 120,486.
This upward trajectory follows a strong performance a day earlier, when the index surged by 960 points to close at 119,931 — marking one of the highest single-day gains in recent weeks.
The rally to improved investor sentiment, according to the market analysts, expectations of economic stability, and strong corporate earnings in key sectors.
Positive cues from regional markets and clarity on government policy direction have also contributed to the upward momentum, they added.
On May 12, PSX registered massive gains, opening day of new business week, as a ceasefire agreement between Pakistan and India, and release of loan tranche by the International Monetary Fund (IMF) had boosted the confidence of investors.
The KSE-100 index had moved up by 9,929.48 points to reach 117,104.11 as compared to previous close of 107,174.63 points.
Following massive bullish trend, the trade had been suspended temporarily with 100 index standing at 116,650.12 with a positive change of 8.84 percent.
A leading research firm Arif Habib Limited had also predicted resurgence in the PSX due to various factors.
PSX plunges nearly 7,000 points amid rising Pakistan-India escalation
