PSX Shows Positive Trend as KSE-100 Index Gains

Karachi: The Pakistan Stock Exchange (PSX) started Thursday’s trading session on a positive note as investors showed cautious confidence in the market. According to Beyond Time News, the benchmark KSE-100 Index gained more than 250 points during early trading and moved close to the 167,700 level.

KSE-100 Index Records Early Gains

By midday, the KSE-100 Index reached 167,705.02 points. The market added 253.89 points, showing an increase of 0.15% compared to the previous close of 167,451.13.

The index touched an intraday high of 168,528.87 before some investors booked profits. This activity reduced part of the earlier gains. The day’s low stood at 167,209.36.

Trading Activity Remains Strong

Trading activity stayed healthy during the first half of the session. Investors traded more than 86.5 million shares, while the total value of trades crossed Rs5.58 billion.

Market experts said investors remained carefully optimistic due to signs of economic stability and expectations surrounding upcoming corporate earnings and economic data.

According to Beyond Time News, tensions between the United States and Iran also continued to influence investor sentiment in the local stock market.

Banking and Fertilizer Sectors Attract Buyers

The early session saw buying interest mainly in banking, fertilizer, and power sector stocks. However, some investors later started profit-taking, which slowed the market’s upward momentum.

Analysts said investors are closely watching both global developments and domestic economic indicators before making larger investment decisions.

Previous Session Ended on Negative Note

On Wednesday, the PSX experienced a highly volatile trading session. The market opened with strong momentum but later turned negative due to geopolitical concerns and rising global oil prices.

Despite early buying activity, the benchmark index closed lower by 1,465.09 points, or 0.87%, at 167,451.14.

The market had received temporary support after the State Bank of Pakistan announced the receipt of $1.3 billion from the International Monetary Fund under the Extended Fund Facility and Resilience and Sustainability Facility programmes.

Read more:KSE-100 Drops 665 Points After Early Surge Amid Volatile Trading at PSX

Trading Volumes Decline Compared to Previous Day

Overall market volume on Wednesday dropped to 684.9 million shares compared to more than 1 billion shares traded a day earlier.

The total value of traded shares stood at Rs21.7 billion. Investors traded shares of 483 companies during the session. Among them, 149 companies recorded gains, while 298 closed lower and 36 remained unchanged.

Agha Steel Industries emerged as the top volume leader after investors traded 58.7 million shares. The stock gained Rs0.43 and closed at Rs8.70.

According to Beyond Time News, foreign investors sold shares worth Rs202.5 million during the session, based on data released by the National Clearing Company.