PSX: KSE-100 opens marginally higher, adds over 100 points
Buying was observed at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index shedding over 100 points during the opening minutes of trading on Wednesday. At 10:10am, the benchmark index was hovering at 168,571.04, up 110.94 points or 0.07%. Key sectors saw buying, including automobile assemblers, cement, commercial banks, oil and gas marketing companies, power generation and…
The benchmark KSE-100 Index on the Pakistan Stock Exchange opened marginally higher on Wednesday, despite shedding over 100 points during the early minutes of trading. By 10:10am, the index was trading at 168,571.04 points, up 110.94 points or 0.07% from the previous close. Several key sectors contributed to the buying momentum, including automobile assemblers, cement, commercial banks, oil and gas marketing companies, power generation, and refinery.
Index-heavy stocks such as ARL, HUBCO, PSO, POL, MCB, MEBL, and UBL also showed positive movement. The Federal Board of Revenue (FBR) informed the International Monetary Fund (IMF) that 1,016 returns had been filed by retailers and shopkeepers under the Aasan Tax Scheme, a development that emerged during discussions for the fourth review of the $7 billion Extended Fund Facility (EFF).
The sharp decline in share prices on Tuesday led to a strong bullish recovery in the PSX, driven by easing concerns over global crude oil prices and active value hunting. The KSE-100 Index closed at 168,460.11 points on Tuesday, up 2,592.79 points or 1.56% for the day.
Written by urgent.news from Business Recorder's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
