Strong buying momentum was observed across multiple sectors, including automobile assemblers and cement.
KARACHI: Pakistan Stock Exchange (PSX) 100 Index reached an intraday high of 187,015 points, surging over 1,900 points during trading, before closing at 186,518 points — a gain of 1,456 points.
Strong buying momentum was observed across multiple sectors, including automobile assemblers, cement, commercial banks, fertilizers, oil and gas exploration and production companies, oil marketing companies (OMCs), and power generation and refineries.
Notable performers included HUBCO, Mari Petroleum, POL, PPL, PAOS, SSGC, WAFI, HBL, MBL, NBP, and MCB, all of which closed in positive territory.
Analysts attribute the ongoing bullish trend to expectations of a potential cut in the policy rate during the Monetary Policy Committee meeting scheduled later this month, fueling investor optimism in the market.
Earlier, the bullish momentum at the Pakistan Stock Exchange (PSX) continued for a second consecutive day, with the benchmark KSE-100 Index posting strong gains during early trading.
As seen in the previous session, the market opened on a positive note and surged to a new all-time high of 185,000 points during intraday trading.
The KSE-100 Index was trading at 185,023 points, up by 2,615 points, reflecting sustained investor confidence and strong buying activity.
