 Index Surpasses 2,000 Points Wednesday's trading saw sustained buying by investors, pushing the benchmark KSE-100 Index...){kind=link}
Pakistan Stock Exchange (PSX) Index Surpasses 2,000 Points
Wednesday’s trading saw sustained buying by investors, pushing the benchmark KSE-100 Index above 2,000 points. By 1:44pm, it had reached 2,090.04 points, or a 1.16% gain, to 182,391.74.
Early in the session, the index advanced 1,110.17 points (0.62%) to 179,524.96 by 9:34am, reflecting strong investor appetite from the opening bell.
Broad-based buying across sectors like automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies, and power generation stocks drove the rally. Index-heavy names provided significant support to the benchmark.
Positive market sentiment was driven by expectations of a stable macroeconomic outlook, easing inflation, and potential monetary policy easing in the future. Optimism surrounding stronger corporate earnings and improved external accounts also sustained investor interest.