The Pakistan Stock Exchange (PSX) on Thursday continued its positive momentum with the benchmark KSE-100 Index gaining nearly 900 points.
At close, the benchmark index settled at 181,398.21, an increase of 887.19 points or 0.49%.
Investor interest remained concentrated in major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies (OMCs), and power generation.
Heavyweight stocks such as HUBCO, PAEL, KML, OGDC, UBL, and PPL recorded gains and traded in positive territory.
On Wednesday, the Pakistan Stock Exchange (PSX) closed marginally higher as profit-taking following the strong rally witnessed over the previous two sessions limited further upside.
However, investor sentiment remained supported by easing concerns over global oil prices and signs of improving geopolitical stability.
The benchmark KSE-100 Index gained 118.04 points, or 0.07%, to settle at 180,511.02 points.
Meanwhile, international oil prices declined, providing additional support to market participants. U.S. West Texas Intermediate (WTI) crude fell 1.25% to $75.83 per barrel, while Brent crude dropped 1.4% to $78.41 per barrel.
