The benchmark index reached 115,318.09 and the lowest index was 114,383.16.

According to the PSX website, the KSE-100 index gained 1280.95 points at 11:08pm.

Purchasing activity was observed in crucial sectors such as automobile assembly, commercial banking, fertilizers, oil and gas exploration, oil marketing companies (OMCs), power generation, and refining, according to Business Recorder. Major index stocks like HUBCO, PSO, SHEL, SNGP, MARI, OGDC, PPL, HBL, MEBL, and NBP experienced gains.

“Market may draw optimism from the gov’t being able to pass legislation on electronic crimes in parliament. However talks between PTI and the government have seemingly broken down. Market participants are eyeing the MPC next week, consensus expectations for which is a 100bps cut,” Intermarket Securities said.

The 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.

On January 23, PSX experienced a significant rebound on Thursday, with the benchmark KSE-100 index closing up nearly 600 points after two days of heavy selling.

Read more

PSX hits record high as KSE-100 index reaches 115,000 points

Bullish momentum resurfaces at PSX as KSE-100 Index rises over 2,100 points

No holding back as shares at PSX’s benchmark index gain over 916 points