Pakistan stocks surge as KSE-100 index jumps 2,837 points

The benchmark index closed at 178,123.42 points, recovering three key psychological levels.

KARACHI: Pakistan’s stock market rallied sharply on Thursday, with the benchmark KSE-100 Index gaining 2,837 points as broad-based buying lifted investor sentiment.

The benchmark index closed at 178,123.42 points, recovering three key psychological levels during the trading session. It also touched an intraday high of 178,431.37 points, compared with the previous close of 175,285.52 points.

Trading remained robust, with 731.2 million shares changing hands in deals worth approximately Rs.34 billion.

A total of 565 companies were traded on the exchange, of which 343 advanced, 129 declined, while the remaining stocks ended unchanged.

Market analysts attributed the strong rally to sustained buying in key sectors, saying improved investor confidence and broad-based gains helped maintain the bullish momentum throughout the session.

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

Earlier, Pakistan’s stock market closed sharply higher, 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.