PSX Continues Bullish Run, KSE-100 Soars

The Pakistan Stock Exchange (PSX) is experiencing continued upward momentum, with the benchmark KSE-100 index surging by over 600 points in the initial trading minutes on Wednesday.

As of 9:40 am, the KSE-100 index reached 147,630.54, reflecting an increase of 625.22 points, equivalent to a 0.43% rise.

Significant buying activity has been observed in crucial sectors, including automobile manufacturers, commercial banking, fertilizer, oil and gas exploration firms, OMCs, and the refinery industry. Major stocks such as ARL, OGDC, POL, SNGPL, HBL, MCB, MEBL, and NBP are all trading positively.

Market analysts attribute the optimistic market sentiment to robust corporate earnings and expectations of forthcoming investments from the United States in key sectors like energy.

On the previous day, Tuesday, the PSX concluded a volatile session, achieving a record high despite considerable profit-taking by investors seeking to secure their recent gains.

The KSE-100 Index closed with a marginal gain of 75.48 points, or 0.05%, settling at 147,005.32 points.

Across the globe, Asian stocks have risen, and the US dollar has remained stable on Wednesday, following data indicating the resilience of major economies alongside the necessity for central banks to maintain accommodative policies.

Wall Street achieved new peaks on Tuesday, boosted by growing confidence that the Federal Reserve will implement interest rate cuts in the coming month. Japan’s Nikkei index surpassed the 43,000 mark for the first time, and the cryptocurrency ether reached a near four-year high.

The latest US inflation figures suggested that President Trump’s tariff policies have yet to significantly impact consumer prices. Meanwhile, in Japan, a report highlighted increased confidence among manufacturers regarding business conditions following a trade agreement with the United States.

The MSCI All Country World Index of shares has risen for a second consecutive day, reaching a new all-time high of 948.54. Japan’s Nikkei stock index also experienced a 1.4% increase, reaching a new peak for the second straight session.

This information reflects an update from intraday trading activities.