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PSX climbs further as steady investors lift sentiment | The Express Tribune – Cash My Currency- Financial Updates | Business Blog Post | Financial Guest Posting Services

PSX climbs further as steady investors lift sentiment | The Express Tribune

PSX climbs further as steady investors lift sentiment | The Express Tribune

Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with investors driving a broad-based rally across key sectors. The benchmark KSE-100 index closed at 162,936.94, marking an increase of 710.66 points, or 0.44%, after trading between an intra-day high of 163,817.83 and low of 162,646.98.

Unlike recent sessions driven by selective activity, Thursday’s market showed consistent strength from the opening bell, supported by renewed investor confidence and improved risk appetite. Oil & gas, cement, and power stocks led the advance, helping the index maintain upward traction throughout the day.

Market sentiment remained firmly positive as participants continued to build positions, suggesting expectations of stable economic indicators and sector-specific improvements.

Overall, the day closed with the bourse firmly in the green, underlining a sustained buying trend and reinforcing optimism looking ahead.

KTrade Securities observed that PSX carried forward its positive momentum, with the benchmark KSE-100 index rising 710 points (+0.44% DoD) to close at 162,936.

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Gains were primarily driven by oil & gas, cements, and power sectors, with Mari Energies and Hub Power leading the upside, followed by Oil and Gas Development Company, Pakistan Petroleum, Systems Limited, and Pioneer Cement, contributing meaningfully to the benchmark’s advance.

Market participation remained robust. The KSE All Share Index posted a turnover of 725 million shares, signalling strong investor activity.

Looking ahead, the report predicted that market direction is likely to hinge on developments across the law-and-order landscape, broader political climate, and key macro triggers. Investor focus will remain centred on progress toward the upcoming IMF tranche and evolving regional geopolitical dynamics, both of which could shape near-term sentiment and flows, it concluded.

Overall trading volume decreased to 725.8 million shares compared with Wednesday’s tally of 1.02 billion. Shares of 476 companies were traded. Of these, 250 closed higher, 187 fell, and 39 remained unchanged. Bank Makramah was the volume leader with trading in 104 million shares, rising Rs0.08 to close at Rs6.20.

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