The Pakistan Stock Exchange (PSX) witnessed a strong bullish trend throughout the day on Thursday, as investors continued to show confidence in the market by actively buying shares.
During the trading session, the benchmark KSE-100 Index crossed the 158,000-point milestone for the first time, despite intermittent bouts of profit-taking.
By the close of trading, the KSE-100 Index had surged by 1,775 points, closing at an all-time high of 157,953 points — marking the highest closing level in the history of the PSX.
Trading activity remained robust, with 1.95 billion shares of 485 companies exchanged during the session.
Buying interest was observed across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, refinery and power generation.
Index-heavy stocks, including HUBCO, ARL, MARI, OGDC, POL, PPL, PSO, SSGC, HBL, MEBL, MCB and UBL traded in the green.
“The signing of a defence pact between Pakistan and Saudi Arabia drove the momentum in the market,” Sana Tawfik, Head of Research at Arif Habib Limited, told Business Recorder.
