KARACHI: The Pakistan Stock Exchange (PSX) continued its bullish momentum as the benchmark KSE-100 Index closed above the historic 157,000 level for the first time on Wednesday.
At the opening of Thursday’s trading session, the market witnessed strong upward momentum, pushing the index to an intraday high of 157,800 points.
However, some profit-taking was observed later in the session, bringing the index down slightly to around 157,500 points.
Market analysts attribute the sustained rally to easing economic pressures, improving foreign exchange reserves, and optimism over upcoming reforms that are expected to boost investor sentiment. They added that the positive trajectory in global equities has also played a role in attracting fresh investment to the local bourse.
Traders noted that sectors such as banking, energy, and cement were among the major gainers, driving volumes upward. They emphasized that while short-term corrections are natural, the broader outlook for the PSX remains strong as long as macroeconomic indicators continue to improve.
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