KSE-100 Surpasses 180,000 as PSX Records Strong Midday Gains
Trading volume reached 214.29 million shares, with the total share value standing at Rs20.27 billion.
KARACHI:
The Pakistan Stock Exchange (PSX) sustained its positive momentum during midday trading on Wednesday, as the benchmark KSE-100 Index climbed 1,111.05 points, a 0.62 percent gain, to open at 180,446.29.
The Index initially faced early selling pressure but recovered to breach the 180,000 mark. Throughout the session, it has fluctuated between a low of 178,642.36 and a high of 180,482.50. The preceding close was recorded at 179,335.24.
Trading volume totaled 214.29 million shares, with the volume of shares traded amounting to Rs20.27 billion. The market remains open.
Wednesday’s performance builds upon Tuesday’s robust rally, when the KSE-100 closed at 179,335.24, up 5,448.56 points, or 3.13 percent. The session was buoyed by easing geopolitical tensions, a decline in international oil prices, and strong remittance inflows.
Read: PSX roars back after long weekend as KSE-100 jumps 5,449 points
Buying interest surfaced among commercial banks, oil and gas exploration firms, and oil marketing entities. Index-weighted stocks including UBL, MCB, MEBL, NBP, OGDC, PPL, and SSGC rose at various stages of the session.
volumes remained robust, with Cnergyico, Bank of Punjab, SSGC, Pak Elektron, and Pakistan International Bulk Terminal among the most actively traded names.
The Index remains poised for further movement ahead of trading’s final close.