KSE-100 Index Soars Above 118,000 Mark
Key stocks lead the charge as positive momentum pushes the market higher
KARACHI: Pakistan Stock Exchange (PSX) witnessed a significant upswing on Thursday, with the benchmark KSE-100 Index eclipsing the 118,000 threshold during the early trading session.
At 9:30am, the index recorded a rise of 334 points, reaching 118,106.31, marking an increase of 0.28%.
Investors expressed enthusiasm as key sectors, including commercial banks, fertilizers, power generation, and oil and gas exploration, saw substantial buying activity.
Prominent stocks contributing to this positive momentum included MARI, POL, HBL, MCB, UBL, KOHC, and LUCK, all of which traded in the green.
This surge followed a notable gain of nearly 1,140 points in the KSE-100 Index on Wednesday, fueled by investor optimism surrounding Pakistan’s successful staff-level agreement with the International Monetary Fund (IMF).
Read more: PM Shehbaz hails successful IMF staff-level agreement for new $1.3bn fund
However, global markets reacted negatively, with Asian shares dipping in response to new tariffs on auto imports announced by U.S. President Donald Trump, raising concerns over a potential global trade war and its inflationary impacts.
As the trading day progresses, market participants remain vigilant, monitoring both local and international developments that could influence market trends.
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