The Pakistan Stock Exchange (PSX) witnessed steady trading on Thursday with the benchmark KSE-100 Index shedding 157 points or 0.13%.

The market closed at 121,641.

During the trading hourse, the market activity displayed a mixed trend across key sectors, including automobile assemblers, commercial banks, fertilizers, oil and gas exploration companies, and oil marketing companies (OMCs).

Notably, heavyweight stocks such as MARI, POL, WAFI, and MCB traded in the green, providing some support to the index.

The previous day, the KSE-100 Index had surged by 1,348 points or 1.12%, closing at a record high of 121,799 points.

This rally was primarily driven by positive investor sentiment surrounding anticipated favorable measures in the upcoming federal budget.

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On the international front, Asian markets experienced slight gains, while the US dollar weakened ahead of the European Central Bank’s (ECB) policy decision.

Investors are closely monitoring the ECB’s stance amid global economic uncertainties and recent fluctuations in US economic indicators.