Bullish sentiment returned at the Pakistan Stock Exchange (PSX) on Thursday with the benchmark KSE-100 gaining over 1,600 points.
At close, the benchmark index settled at 171,960.64, up 1646.79 points or 0.97%.
Buying momentum emerged across major sectors such as cement, commercial banks, oil and gas exploration, OMCs, power generation and refineries. Several index‑heavy counters, including ARL, HUBCO, PSO, SNGPL, SSGC, MARI, MEB, MEBL and NBP, traded in positive territory.
In another development, China’s Shandong Xinxu Group has proposed a multi-billion-euro integrated maritime and industrial development at Port Qasim, one of Pakistan’s major ports, representing one of the largest investment in years.
Meanwhile in the currency market, the Pakistani rupee posted mild gains against the US dollar, appreciating 0.06% in early inter‑bank trading on Thursday.
By 10am, the currency stood at 280.10, reflecting an improvement of Rs0.17 against the dollar.
