KARACHI: Pakistan’s stock market witnessed a strong bullish rally on Thursday, as the benchmark KSE-100 Index gained 2,802 points, climbing to 174,815 during trading.
the index rose by 1.63%, reflecting increased buying activity across several major sectors of the Pakistan Stock Exchange (PSX).
During the trading session, the benchmark index touched an intraday high of 176,604 points, recording a gain of 4,591 points at its peak.
Buying interest was observed in key sectors, including automobile assemblers, cement manufacturers, commercial banks, oil and gas exploration companies, and oil marketing companies.
Falling Oil Prices Support Market Sentiment
Market experts cited in the report said the significant decline in international oil prices could have a positive impact on investor sentiment.
Easing geopolitical concerns following the US midterm elections also contributed to broader buying activity in the local equity market.
The latest rally highlights improving investor sentiment, although market performance remains sensitive to domestic economic developments, international oil prices and geopolitical conditions.
Investors will continue to monitor economic indicators and corporate performance for signals about the market’s direction in the coming sessions.
