KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) maintained bullish momentum on Thursday as investor confidence lifted amid growing hopes for a peace deal between the US and Iran.
The KSE-100 index gained 2,969.63 points to climb to 167,801.05 points reflecting a positive change of 1.8 percent compared to previous close of 164,831.
Asian stocks surged on Thursday as some vessels resumed passage through the Strait of Hormuz, while forecast-beating results at Nvidia and a suspended workers' strike at Samsung Electronics lifted shares of chipmakers.
MSCI's broadest index of Asia-Pacific shares outside Japan climbed 2.6%, snapping a four-day streak of losses. Korea's KOSPI leapt more than 7%, Taiwanese shares rose 3.5% and Chinese blue-chips 1.1%.
A day earlier, the benchmark KSE-100 Index continued with a bullish trend, gaining 1,934.74 points, a positive change of 1.19 percent, closing at 164,831.42 points against 162,896.68 points on the last trading day, according to PSX data.
During the session, the ready market recorded a trading volume of 386.394 million shares with a traded value of Rs20.125 billion, compared to 391.935 million shares valuing Rs22.975 billion in the previous session. The market capitalization increased to Rs18.243 trillion from Rs18.081 trillion a day earlier.
Out of 483 active companies in the ready market, 302 advanced, 141 declined, and 40 remained unchanged.