The Pakistan Stock Exchange (PSX) displayed bullish activity on Thursday, with the KSE-100 Index crossing the historic 97,000 mark during intra-day trading.
The market opened on a bearish note, with the index initially declining by 250 points.
However, investor sentiment shifted as buying momentum gained pace, propelling the index to an intraday high of 97,030.19 points, marking an impressive gain of 1,483.74 points.
Analysts attribute the rally to reduced political uncertainty, with concerns easing regarding the scheduled protest of Pakistan Tehreek-e-Insaf (PTI) on November 24.
This boosted investor confidence, bringing relief after a period of caution linked to political turbulence in the country.
READ: PSX hits new record, closes negative due to profit-taking
By 12:30 PM, the KSE-100 Index recorded a 1.14 percent rise, settling at 96,634.61 points, up 1,088.16 points from the previous close of 95,546.45 points, while, the trading volume stood at 136.4 million shares, valued at Rs 8.25 billion.
The recovery follows Wednesday’s volatile session, where the PSX saw an initial surge but closed over 300 points lower due to profit-taking and ongoing political uncertainty.
Investors are optimistic as today’s rally signals resilience in the face of economic and political challenges.
