Intraday update: PSX gains over 600 points

KARACHI: The Pakistan Stock Exchange (PSX) shot up by over 600 points on Thursday morning as the benchmark KSE-100 index gained 611.58 points, hovering at 82,578.58 points around noon.

After yesterday’s growth, analysts had attributed the gains to encouraging market factors such as lower inflation, a stabilised rupee, declining global commodity prices, and improved performance in the agricultural sector.

Declining inflation, rupee stability offer strength to stock market

The index opened at 81,967.01 points on Thursday and soon after gained 166.28 points to reach 82,133.28 points around 10 AM. The gains since then have been moderate but steady.

Around noon, the index looked like this: