KARACHI (Dunya News) – Pakistan Stock Exchange (PSX) witnessed a strong rally on Thursday, with the benchmark KSE-100 Index surging by more than 4,500 points during early trading to reach 176,604 points.
The bullish momentum followed a strong performance in the previous trading session, when the benchmark index closed at 172,013 points, gaining 3,994 points.
The latest rally came amid market reactions to the results of the US midterm elections, with the impact also becoming visible in Pakistan’s equity market.
Meanwhile, Asian stock markets recorded mixed performances, with some major indices posting gains while others faced significant declines.
According to news agency reports, Hong Kong’s Hang Seng Index rose by more than 3%, while China’s Shenzhen Composite Index gained around 1%.
In contrast, South Korea’s KOSPI Index dropped by more than 5%, while Taiwan’s stock index declined by 3%.
Japan’s Nikkei Index also traded lower, recording a decline of 1.49%.