KARACHI: The Pakistan Stock Exchange (PSX) on Thursday extended overnight gains as bargain hunters continued to lift shares at attractive valuations, pushing the benchmark KSE-100 index above 178,000 points.
Topline Securities Ltd said the index staged a strong recovery, extending Wednesday’s rebound as broad-based buying returned to the market. Improved investor sentiment, easing concerns about geopolitical tensions, and renewed interest in blue-chip stocks helped the index recoup a significant share of the losses recorded earlier this week.
The index closed at 178,123.57 points, gaining 2,837.78 points or 1.62pc. It stayed in positive territory throughout the session, reaching an intraday high of 178,431 points and a low of 175,672 points, reflecting sustained buying interest across key sectors.
Ali Najib, Deputy Head of Trading at Arif Habib Ltd, said PSX witnessed another strong session, building on the overnight rally. The market maintained its upward momentum as investors continued to strengthen their positions amid media reports indicating a possible resumption of dialogue between the US and Iran, which helped improve overall risk appetite.
Geopolitical optimism fuels recovery rally for second session
