PSX: Buying continues, KSE-100 up over 1,500 points
Buying momentum continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,500 points during the opening minutes of trading on Friday. At 10:30am, the benchmark index was hovering at 170,551.17, up 1,507.98 points or 0.89%. Buying interest was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies,…
The Pakistan Stock Exchange (PSX) saw buying momentum continue on Friday, with the benchmark KSE-100 Index gaining over 1,500 points during the opening minutes of trading. The index was trading at 170,551.17 at 10:30am, up 1,507.98 points or 0.89%. Key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, and power generation, experienced buying interest, with index-heavy stocks such as LUCK, MCB, MEBL, NBP, UBL, MARI, OGDC, POL, PPL, and PSO trading in the green.
The strong rebound on Friday was attributed to easing global oil prices and developments suggesting a possible de-escalation in the US-Iran conflict, which improved investor sentiment and encouraged fresh buying across key sectors.
Brief written by urgent.news from Business Recorder's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
