“KSE100 closed at above 50k level, marking a six year high,” the Arif Habib Limited has said in a post on X, erstwhile Twitter. “KSE-100 index went up by 934 points (+1.89% DoD), closing at 50,365pts, a six years high.”

The last time KSE-100 closed above 50,000 was on May 31, 2017, the firm added.

Across-the-board buying was seen among the index-heavy sectors.

On Wednesday, the KSE-100 Index closed lower by nearly 100 points to settle at 49,431.48 points.

The improvement comes in line with rupee appreciation against the dollar which closed at the 278.81 level in the inter-bank market.

Many were of the view that the gain at the bourse was due to an appreciation of the local currency. Moreover, Pakistan Refinery Limited appeared on the international energy map as it struck a long-term oil supply contract with Russia.