PSX breaks records as KSE-100 surpasses 119,000 mark in early trade

KARACHI: The Pakistan Stock Exchange (PSX) maintained its momentum as the KSE-100 Index surpassed the 119,000 mark for the first time, gaining over 1,200 points during the early hours of trading on Thursday.

In the morning, the KSE-100 Index stood at 119,196.35, reflecting a rise of 1,222.33 points or 1.04 per cent.

The upward trend continued, with the index further increasing by 1,447.79 points to reach 119,421.81 by 9:48 AM, when the trading volume stood at 62.97 million shares. During this period, the lowest point of the session was 118,525, keeping the index firmly in positive territory.

Key sectors, including oil and gas exploration, OMCs, power generation, and refineries, saw strong buying interest. Heavyweight stocks such as HUBCO, SNGPL, SSGC, MARI, OGDC, POL, and PPL all traded positively.

This surge is driven by positive developments regarding the resolution of the energy sector’s circular debt and market optimism surrounding the expected signing of a Staff-Level Agreement with the International Monetary Fund (IMF).

Previous PSX close

On Wednesday, the KSE-100 Index recorded its highest-ever closing at 117,974.02, following a gain of 972.93 points or 0.83 per cent.

The index moved within a range of 1,360.83 points, hitting an intraday high of 118,243.63 (+1,242.54) and a low of 116,882.80 (-118.29). The total trading volume for the day was 301.11 million shares.

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