-Advertisement-

PSX rebounds with KSE-100 Index up over 4,000 points

- Advertisement -

Positive sentiments are returning to the Pakistan Stock Exchange (PSX), where the benchmark KSE-100 Index surged by over 4,000 points on Wednesday afternoon. By 1:55 p.m., the index had climbed to 177,189.87, marking a 2.33% increase from its previous day’s close.

The rise was largely attributed to increased buying activity in key sectors such as automobile manufacturers, cement producers, commercial banks, oil and gas exploration companies, OMCs (Oil Marketing Companies), power generation firms, and refineries. Notably, index-heavy stocks including HBL, MCB, MEBL, MARI, OGDC, POL, PPL, HUBCO, and PSO have been trading in the green.

- Advertisement -

The country’s current account also showed a positive outlook for January 2026, reversing its deficit from December. According to State Bank of Pakistan (SBP) reports, this month’s current account surplus stood at $121 million, compared to a deficit of $265 million in December and a $393 million deficit the previous year.

While Tuesday’s trading session witnessed downward pressure on the index as foreign and domestic participants continued their selling activities across various sectors including banking, energy, power, and telecoms. The KSE-100 Index closed at 173,150.42 points, indicating a decline of 1,303.52 points or 0.75% from its previous day’s close.

This positive momentum on Wednesday contrasts sharply with Tuesday’s session, highlighting the evolving market sentiment in light of recent economic indicators and government policy announcements.

- Advertisement -

Stay updated with the latest and breaking news directly on your mobile phone by joining Headline PK's WhatsApp group!

 

 

Latest stories

-Advertisement-

Highlights of the Week
Related

David Cameron Lays Out Reasons for Andrew’s Firing from Trade Envoy Role

Andrew Mountbatten-Windsor, former Trade Envoy to the UK, faced...

U.K. Stands Firm on Net-Zero Amid Iran War, Rejects Trump’s Oil Drilling Calls

Britain has announced plans to double its commitment to...

Japan Eyes Arms Trade Boom Amid Post-WWII Shift, Trump’s Role Highlighted

Japan Set for Historic Arms Export Shift Post WWIITokyo...

17 Immigrants Die in ICE Custody This Year; 31 Last Year Set Two-Decade High

Immigrants have died in US Immigration and Customs Enforcement...
-Advertisement-