PSX: Benchmark index gains over 1,100 points in early trade
Buying momentum was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,100 points during the opening minutes of trading on Thursday. At 9:40am, the benchmark index was hovering at 178,533.76, up by 1,163.06 points or 0.66%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies,…
The Pakistan Stock Exchange (PSX) witnessed a significant surge in its benchmark KSE-100 Index on Thursday morning, gaining over 1,100 points during the opening minutes of trading. The index reached 178,533.76, up by 1,163.06 points or 0.66%. This buying momentum was observed across key sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries.
Index-heavy stocks like HUBCO, MARI, OGDC, PPL, POL, HBL, MCB, MEBL, and UBL traded in the green. The PSX was closed on Wednesday for Eid-Milad-un-Nabi, but on Tuesday, it had closed modestly higher as strong buying in banking and cement stocks helped offset selective profit-taking in energy counters, keeping the index in a relatively narrow range despite intraday volatility.
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