Karachi: Optimism dominated trading at the Pakistan Stock Exchange on Thursday, where the benchmark KSE-100 index delivered another strong performance, setting a fresh record during intraday dealings.
The index displayed exceptional strength, touching a session high of 172,248 points. Although some selling pressure emerged near the peak level, the market closed comfortably at 171,960 points, reflecting a net gain of 1,646 points.
Trading activity remained active, with the index fluctuating between a low of 170,804 points and its record high. The previous session had ended at 170,313 points, indicating a sharp upward trend recorded during the day.
Market strategists attribute the rally to growing investor confidence on expectations of policy stability and improved macroeconomic indicators. Experts note that sectors such as banking, energy and fertilizers attracted fresh buying interest, which helped maintain the upward trend.
According to analysts, the market’s ability to stay above key technical levels indicates underlying strength. However, he advises cautious optimism, stating that global market indicators and local economic data will play a key role in determining whether the rally extends further in the coming sessions.
