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KARACHI: The Pakistan Stock Exchange (PSX) on Thursday extended its positive momentum for the third session in a row, as select value buying helped the benchmark KSE 100 index briefly cross the 185,000 milestone in intraday trading amid persistent economic optimism. However, late profit-taking trimmed some of the early gains.
Topline Securities Lt said the benchmark KSE-100 index extended its gains on Thursday, closing at 184,520.96 points, up 470.86 points, or 0.26 per cent, from the previous session.
The market opened strongly and rallied, reaching an intraday high of 185,890.52 points as buying interest remained robust across key sectors. However, profit-taking emerged in the second half of the session, pushing the index to an intraday low of 184,214.79 points. Selective late-session buying then helped the market recover, closing in positive territory.
On the index contribution front, heavyweight stocks United Bank Ltd, Lucky Cement, Oil and Gas Development Company Ltd, Pakistan Petroleum Ltd, and TRG Pakistan were the main contributors to the benchmark index’s gains, collectively adding approximately 469 points to the day’s advance.
