ISLAMABAD: The Pakistan Stock Exchange (PSX) today opened trading with strong buying after the KSE-100 benchmark index declined nearly 1% on Wednesday. The KSE-100 Index gained 957 points, or 0.55%, reaching 175,734 points during early trading this morning.
Buying interest emerged across several key sectors, including automobile assemblers, cement, commercial banks and fertilizer companies.
Similarly, oil and gas exploration firms, oil marketing companies and power generation companies also attracted investor interest.
Major stocks, including HUBCO, MARI, OGDC, PPL, POL, HBL, MCB and UBL, traded in positive territory.
The broad-based buying indicates renewed investor participation following the market’s recent weakness.
Eurobond Sale Boosts Investor Sentiment
The positive market trend comes after Pakistan successfully raised $3 billion through a dual-tranche Eurobond issuance.
The transaction represents Pakistan’s largest international capital market deal, according to the Ministry of Finance.
Furthermore, the Eurobond offering attracted orders worth nearly $6 billion from international investors.
The strong demand provided a positive signal for Pakistan’s external financing position and investor confidence.
Consequently, the development supported sentiment across the domestic equity market during early trading.
Market participants will closely monitor whether the buying momentum continues throughout Thursday’s session.
Investors will also track developments in Pakistan’s external financing, economic reforms and corporate earnings for further market direction.
The KSE-100’s early gains therefore reflect stronger risk appetite after the previous session’s decline.
However, market direction could remain sensitive to global developments and domestic economic indicators during the trading session.
