PSX: Buying continues, KSE-100 up nearly 1,000 points
Buying interest was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 1,000 points during the opening minutes of trading on Wednesday. At 9:45am, the benchmark index was hovering at 172,373.28, up by 971.20 points or 0.57%. Buying was observed in key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies,…
The Pakistan Stock Exchange (PSX) saw significant buying interest on Wednesday, with the KSE-100 Index increasing by nearly 1,000 points during the opening minutes of trading. The index was trading at 172,373.28, up by 971.20 points or 0.57% at 9:45 am. Key sectors such as automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, and refineries experienced buying activity.
Index-heavy stocks like HBL, MCB, MEBL, NBP, MARI, OGDC, POL, PPL, and ARL traded in the green. Additionally, an International Monetary Fund (IMF) staff mission arrived in Pakistan to commence negotiations for the fourth review under the Extended Fund Facility (EFF) and third review under the Resilience and Sustainability Facility (RSF).
The PSX had previously closed marginally higher on Tuesday due to late-session value-hunting, which helped the market recover from early weakness.
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