Buying spree continued unhindered at the Pakistan Stock Exchange (PSX), triggered by a strong economic outlook and robust corporate earnings, with the benchmark KSE-100 Index gaining over 900 points on Thursday, reported 24NewsHD TV channel.
At noon, the PSX’s benchmark index was hovering at 146,015.50 level, an increase of 927 points or 0.60%.
Buying interest was observed in key sectors including oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including ARL, HUBCO, MARI, OGDC, PSO, PPL traded in the green.
On Wednesday, the PSX had sustained its record-breaking rally as the benchmark KSE-100 Index soared by 2,051 points, or 1.43%, to settle at an all-time closing high of 145,088.50 points.
In a statement from the Prime Minister’s Office, PM Shehbaz Sharif expressed satisfaction as the stock exchange index surpassed the 145,000-point mark, signalling increased investor confidence in government policies.
PM attributed the surge in stock market activity to business-friendly reforms and said providing support for investment remains a top priority for his administration.
