The benchmark KSE-100 Index at the Pakistan Stock Exchange recorded a significant increase of over 1,400 points during the opening hours of trading on Wednesday.
By 9:50 AM, the index had reached 117,501.73 points, reflecting an increase of 1,449.05 points or 1.25%.
Strong buying interest was observed across various key sectors, including automobile assemblers, cement, chemicals, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies, power generation, and refineries. Major index-heavy stocks such as NRL, PRL, HUBCO, PSO, SHEL, SSGC, MARI, OGDC, PPL, ENGRO, MCB, MEBL, and NBP were all trading in positive territory.
Intermarket Securities commented on the market’s performance, stating, “We believe the overall market sentiment remains positive as most top-down risks have eased off.”
In contrast, the Pakistan Stock Exchange (PSX) closed in the red zone on Tuesday as investors opted to offload their holdings. The KSE-100 Index fell by 202.44 points or 0.17%, closing at 116,052.68 points.
On January 3, the PSX benchmark index gained more than 400 points despite opening on a negative note. The KSE-100 Index closed at 117,586.98 points, marking a gain of 467.33 points compared to the previous close of 117,119.65, with a positive change of 0.4%.
