The Pakistan Stock Exchange (PSX) witnessed a strong rally on Wednesday as the benchmark index gained more than 2,500 points during trading. The PSX gains 2500 points came as investors showed renewed confidence following positive global developments and encouraging news related to Pakistan’s external financing situation.
The benchmark KSE-100 Index increased by 2,581.05 points, or 1.46 percent, reaching 179,664.27 points by midday compared with the previous close of 177,083.22 points. During the session, the index recorded an intraday high of 179,536.15 points and a low of 178,512.09 points.
Trading activity remained active throughout the session, with benchmark volumes reaching 185.76 million shares. The total traded value stood at Rs16.10 billion, reflecting strong participation from investors across different sectors of the market.
Buying interest was seen in major sectors, including commercial banks, cement, fertilizer companies, exploration and production firms, oil marketing companies, power generation businesses, and technology stocks. The broad-based activity indicated improved market sentiment among investors.
The PSX gains 2500 points rally was supported by positive international developments, including improved global risk appetite. Reports of progress in diplomatic discussions between the United States and Iran helped reduce concerns over geopolitical tensions and supported Asian equity markets.
Investor confidence also improved after reports that Pakistan had requested China to refinance a $1.3 billion commercial loan. The expected financing support, after finalizing terms and conditions, strengthened expectations about Pakistan’s external financial position and economic outlook.
The KSE-100 Index started the session on a positive note and continued its upward movement throughout the morning. Market analysts said sustained buying activity and improved investor confidence could further influence market performance, while global and local economic developments remain key factors.
