The index, which had fallen by almost 1,600 points on Wednesday, recovered strongly, fueled by foreign investment and a focus on cement stocks.

The day’s trading saw a mixed start, with the KSE-100 hitting an intraday low of 113,234.31 before a surge in buying activity in the afternoon session pushed it to a high of 114,319.62. The index ultimately closed at 114,037.79, a gain of 594.36 points or 0.52%.

Buying activity was noted across key sectors, including automobile assemblers, commercial banks, cement, fertilizer, oil and gas exploration companies, oil marketing companies, and power generation, according to Business Recorder.

Major stocks such as OGDC, HUBCO, PSO, SNGPL, SSGC, PPL, POL, MCB, NBP, and UBL all traded in positive territory.

“The KSE100 fell 1.4% to 113,443pts. The trend may continue in today’s session. The market remains worried about the future direction of politics, while there is a lack of any new positive triggers. Retail investors are facing margin calls, which is worsening the selling pressure. Lastly, some quarters of the market are expecting a less than 100bps cut in the upcoming MPC (27 Jan),” Intermarket Securities said in a Facebook post.

The Pakistan Stock Exchange (PSX) experienced a notable performance as the benchmark index reached 116,090.5 during the intraday trade on January 21.

Stocks rallied at the PSX’s benchmark index on Monday, January 20, as the KSE-100 index gained over 900 points in the intraday update. According to the PSX website, the KSE-100 index gained 938 points to reach 116,210.41 levels at 1:08pm.

Read more

Shares at PSX’s benchmark index lost over 600 points

PSX opens strong, KSE-100 index rises over 900 points

Shares at PSX’s benchmark index gain over 800 points in intraday update

Bitcoin hit a [record high above $109,000][3] on January 20 as Donald Trump, who has signalled plans to deregulate the cryptocurrency sector, prepares to be sworn in as US president. Bitcoin surged to reach an all-time peak of $109,241 ahead of Trump’s inauguration ceremony, before falling back to $107,765 at around 0740 GMT.