KARACHI:

The Pakistan Stock Exchange (PSX) witnessed strong bullish activity on Thursday, with the benchmark KSE-100 Index climbing over 3,000 points in mid-day trading.

As of the latest update, the KSE-100 Index stood at 168,082.21, reflecting a robust gain of 3,250.79 points or 1.97% from Wednesday’s closing of 164,831.42. The index touched an intraday high of 168,128.35 and a low of 166,638.56, showcasing sustained buying interest throughout the morning session.

Market breadth remained positive with heavy trading volumes. Volumes reached 157.98 million shares. Investors appeared confident, driving selective buying across key sectors including banking, oil & gas, and power stocks.

Read: PSX soars 1,935 points as ME fears subside

Analysts attributed the rally to improving investor sentiment amid expectations of positive economic indicators, and renewed foreign interest in Pakistani equities. The market opened on a strong note and maintained upward momentum, with the index consistently trading above the 167,000 level after crossing it early in the session.

Market participants are closely watching upcoming corporate earnings and macroeconomic data releases that could further influence the trajectory. Brokerages remain cautiously optimistic, noting that a decisive close above the 168,000 psychological mark could open doors for further gains in the coming sessions.

The rally comes after a period of consolidation, signaling renewed confidence in Pakistan’s capital market