Bull Run Continues: KSE-100 Soars Swiftly Past 147,600 Mark

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Bull Run Continues KSE-100 Soars Swiftly Past 147,600 Mark

The Pakistan Stock Exchange (PSX) began Wednesday’s trading session on a strong note. The benchmark KSE-100 Index gained over 600 points within minutes of opening.

By 9:40 am, the KSE-100 had reached 147,630.54 points. This marked an increase of 625.22 points or 0.43%. The market rally continued from the previous day’s all-time high.

Strong buying was seen in key sectors. These included automobile assemblers, commercial banks, fertilisers, oil and gas exploration companies, oil marketing companies (OMCs), and refineries.

Index-heavy stocks such as Attock Refinery Limited (ARL), Oil and Gas Development Company (OGDC), Pakistan Oilfields Limited (POL), and Sui Northern Gas Pipelines (SNGPL) were trading in the green. Major banks like HBL, MCB, MEBL, and NBP also saw upward movement.

Analysts said that strong corporate earnings were boosting investor confidence. Expectations of US investments in Pakistan’s energy sector also played a key role in the bullish trend.

The positive momentum came after a volatile session on Tuesday. Despite heavy profit-taking, the PSX closed at a new record high of 147,005.32 points, gaining 75.48 points or 0.05%.

Global markets also supported investor sentiment. Asian stocks rose, and Japan’s Nikkei crossed the 43,000 mark after strong economic signals. In the US, stock markets reached new highs on hopes of an interest rate cut by the Federal Reserve. The cryptocurrency ether also touched its highest level in nearly four years.

The PSX continues to reflect optimism in both local and international markets. With strong fundamentals and investor interest, analysts expect the bullish trend to remain in the near term.

In other related news also read Pakistan Stock Exchange (PSX

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