KARACHI: The Pakistan Stock Exchange (PSX) extended its upward momentum on Thursday, with the benchmark KSE-100 Index gaining more than 1,400 points by midday as buying activity continued across selected heavyweight stocks.
At around midday, the index stood at 166,830.69, up 1,413.19 points, or 0.85%, from Wednesday’s closing level of 165,417.50.
The market remained open at the time, meaning the final closing level could change during the remaining trading hours.
KSE-100 Index Maintains Upward Momentum
During Thursday’s session, the benchmark index reached an intraday high of 166,868.14 and a low of 165,613.11, moving within a range of approximately 1,255 points.
Trading activity remained substantial, with 112.76 million shares changing hands by midday. The total value of shares traded reached Rs6.84 billion.
The gains reflected continued buying interest in selected heavyweight sectors, helping the benchmark maintain its position above the 166,800 level during the session.
PSX Builds on Wednesday’s Recovery
Thursday’s advance followed a recovery in the previous session, when the KSE-100 Index gained 641 points to close at 165,417.50, reclaiming the 165,000 mark.
Wednesday’s session had also featured considerable volatility, with the index recovering from an intraday low near 164,060 as investors bought selected stocks.
The subsequent rise on Thursday extended that recovery, pushing the benchmark further into positive territory.
PSX Swings Between Gains and Losses as Investors Remain Cautious
Investors Monitor Remaining Trading Hours
Market participants continued to monitor trading activity as the session progressed, with the index holding substantial gains by midday.
The combination of rising share prices and trading volume provided an indication of active market participation, although the available figures did not establish whether the advance would continue through the close.
With trading still underway, investors remained focused on price movements in heavyweight stocks and broader market sentiment.
The KSE-100’s final performance will depend on activity during the remaining hours of the session, with Thursday’s midday figures showing the benchmark comfortably above its previous close.
