PSX surges past 164,000 points amid renewed buying momentum

PSX surges past 164,000 points amid renewed buying momentum
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Summary Pakistan’s stock market recorded a strong rally as the KSE-100 Index climbed above 164,000 points on the back of renewed investor confidence and heavy buying activity.

KARACHI (Dunya News) – The Pakistan Stock Exchange witnessed a powerful rally on Wednesday as strong investor activity pushed the benchmark KSE-100 Index above the 164,000-point threshold.

The market opened on a bullish note during the third trading session of the week, gaining over 600 points in early trade to reach 163,558 points.

Positive momentum persisted throughout the day, with investors maintaining aggressive buying across major sectors. By the close of trading, the KSE-100 Index had jumped 1,934 points to settle at 164,831 points.

Trading activity remained robust, with more than 172.5 million shares exchanged during the session, while the total value of traded shares stood at Rs16.08 billion.

Market experts linked the rally to improving economic sentiment and growing confidence among investors regarding market stability and future growth prospects.

In the previous session, the benchmark index had closed at 162,896 points.