Karachi — The Pakistan Stock Exchange continued its upward trajectory on Wednesday, as investor confidence strengthened amid hopes of easing tensions in the Middle East. The benchmark KSE-100 Index surged by 5,002.10 points, or 3.94 percent, reaching 153,245.41 during intraday trading.
Market participants responded positively to improving global sentiment, which supported buying activity across key sectors. Analysts attributed the rally to expectations of stability in energy markets and reduced geopolitical risks.
Broad-Based Gains Reflect Strong Market Participation
Meanwhile, trading activity remained robust in the ready market. Out of 566 listed companies, 368 recorded gains, while only 41 declined and 157 remained unchanged. This broad-based advance indicated strong investor participation and sustained bullish momentum.
In addition, the previous session had already signaled a recovery trend. On Tuesday, the KSE-100 Index gained 1,900.34 points, closing at 148,743.32. Although trading volume declined to 434.958 million shares from 529.130 million a day earlier, investor interest remained firm.
Furthermore, the total traded value stood at Rs 22.541 billion, reflecting continued liquidity in the market despite slightly lower volumes.
Global Trends Support Local Market Upswing
At the same time, international markets provided additional support. Asian stocks and bonds rallied, while the US dollar weakened, as investors anticipated a possible de-escalation in the Iran conflict.
Moreover, stronger-than-expected economic data from South Korea and Japan boosted regional equities, reinforcing positive sentiment. Consequently, the PSX benefited from improved global cues and rising risk appetite among investors.
Market capitalization also increased to Rs 16.534 trillion, up from Rs 16.327 trillion in the previous session, underscoring the market’s continued strength.
