Pakistan stocks rally as KSE-100 index surges 1,766 points

The KSE-100 Index settled at 175,285.18 points, after touching an intraday high of 176,701 points.

KARACHI: Pakistan’s stock market closed sharply higher on Wednesday, with the benchmark KSE-100 Index gaining 1,766 points as investor buying pushed the market above two key psychological levels.

The KSE-100 Index settled at 175,285.18 points, after touching an intraday high of 176,701 points during trading. The benchmark had closed at 173,518 points in the previous session.

Trading activity remained robust, with 580 million shares changing hands in deals worth approximately Rs.26 billion.

A total of 565 companies traded on the Pakistan Stock Exchange. Share prices of 361 companies advanced, 104 declined, while the remaining stocks closed unchanged.