PSX surges over 1,600 points in midday trading

The Pakistan Stock Exchange (PSX) witnessed strong buying interest on Thursday as the benchmark KSE-100 Index climbed over 1,622 points in midday trading, reflecting positive investor sentiment, reported 24NewsHD TV Channel. 

As of midday, the KSE-100 Index stood at 185,672 points, from the previous close of 184,050. The Index touched an intraday high of 185,890.52 and a low of 184,840.56, demonstrating sustained momentum throughout the session.

Trading volume reached 264.97 million shares, while the total value of shares traded stood at Rs24.65 billion. The market remained open with broad-based participation across key sectors.

Analysts attribute the rally to continued foreign investor interest, expectations of stable macroeconomic indicators, and a positive corporate earnings outlook in select sectors. Banking, energy, and fertiliser stocks were likely among the top contributors, though specific scrip-level details were awaited. 

Reporter: Ahsan Abbasi