The benchmark KSE-100 Index saw a significant gain of over 1,400 points during the opening hours of trading on Wednesday.

By 9:50am, the index was at 117,501.73, reflecting an increase of 1,449.05 points or 1.25%.

Strong buying interest was noted across key sectors, including automobile assemblers, cement, chemicals, commercial banks, fertilizers, oil and gas exploration companies, oil marketing companies (OMCs), power generation, and refineries. Major index-heavy stocks such as NRL, PRL, HUBCO, PSO, SHEL, SSGC, MARI, OGDC, PPL, ENGRO, MCB, MEBL, and NBP were all trading in positive territory.

Intermarket Securities commented on the market’s performance, stating, “We think overall market sentiment remains positive, as most top-down risks have eased off.”

In contrast, the Pakistan Stock Exchange (PSX) faced pressure on Tuesday, closing in the red zone as investors opted to offload their holdings amid available margins. The KSE-100 index declined by 202.44 points, or 0.17%, finishing the day at 116,052.68 points.

On January 3, the hsares at the PSX’s benchmark index gained more than 400 points despite opening on a negative note. The KSE-100 index closed at 117,586.98 after gaining 467.33 points against the previous closing of 117,119.65. The index saw a positive change of 0.4%.

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