The Pakistan Stock Exchange (PSX) turned green on Thursday as buying momentum pushed the benchmark KSE-100 Index up by over 4,000 points.
At close, the benchmark index settled at 168,893.08, a gain of 4,266.79 points or 2.59%.
Buying interest emerged across major sectors such as automobile assemblers, commercial banks, fertilizer, oil and gas exploration, oil marketing companies (OMCs), power generation, and refining. Heavily weighted stocks, including ARL, HUBCO, MARI, OGDC, PPL, PSO, SNGPL, WAFI, HBL, and MEBL, closed in positive territory.
However, on Wednesday, the Pakistan Stock Exchange (PSX) experienced a broad-based downturn as sustained selling pressure and futures rollover activity dampened investor sentiment. Reduced activity in the ready market and sharp intraday fluctuations further weighed on performance, pulling key benchmark indices lower.
The KSE-100 Index ended the session at 164,626.29 points, down 1,632.25 points or 0.98%.
Meanwhile, Federal Finance Minister Muhammad Aurangzeb said that Pakistan will engage in comprehensive discussions with the International Monetary Fund (IMF) for the third review under the Extended Fund Facility (EFF).
He also dismissed concerns regarding the rollover of deposits from the United Arab Emirates (UAE).
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