The Pakistan Stock Exchange (PSX) displayed a robust performance at the end of the business week, with the index climbing by 1,562.35 points, marking a 1.38% rise. The benchmark index reached 114,768.75 points during intra-day trading, reflecting strong investor confidence.
At 11:20 am, the market had already gained 1,562.35 points from the previous session’s closing of 113,206.40 points. During intra-day trading, the KSE-100 index hit a high of 115,071.16 and a low of 113,692.87.
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The market saw a total trading volume of over 129.5 million shares, with an approximate value of Rs 8.76 billion. This surge came despite ongoing global economic uncertainties, highlighting the resilience of the market.
The day prior, the PSX experienced a strong recovery, with the KSE-100 index rising more than 1,700 points, closing above 113,200 after three consecutive negative sessions. Optimism surrounding corporate earnings, a proposal to reduce gas-sector circular debt from the IMF, and positive developments with US investors contributed to the market’s rebound.
With analysts predicting further momentum, the market’s outlook remains optimistic, particularly with upcoming corporate earnings and the IMF review in late February.
