The bourse continued its upward trajectory on Wednesday, extending gains as investors responded to improving sentiment and technical triggers.
The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index climbed to an intraday high of 121,639.04, gaining 1,188.17 points, or 0.99%. The session’s low was recorded at 120,896.13, reflecting a gain of 445.26 points, or 0.37%.
“Payment of the circular debt coupled with rumours of reduction on various taxation and encouraging offtake numbers from cement and fertilisers have led to a broad-based rally,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities.
“Also making new highs has triggered an upside on a technical basis,” he added.
In the previous session on Tuesday, the KSE-100 Index surged by 1,573.07 points, or 1.32%, to close at an all-time high of 120,450.87 points. The index hit a high of 120,693.83 and a low of 119,129.52 during the session.
This is a developing story and is being updated with more details.
