Karachi: Pakistan Stock Exchange (PSX), breaking new ground on the back of encouraging economic data and sustained investor confidence, with the benchmark KSE-100 Index gaining nearly 1,800 points during the intra-day trading on Wednesday.
At 2:30 pm, the benchmark index was hovering at 152,753.77, an increase of 1,778.29 points or 1.18%.
During trading, the KSE-100 hit an intra-day high of 152,805.30.
Buying interest was observed in key sectors including cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery.
Analysts attributed the ongoing momentum to several key factors.
In addition, sharp interest rate cuts have played a significant role by lowering returns on traditional asset classes, thereby driving investors toward equities.
On Tuesday, the PSX carried its historic rally forward with the benchmark index settling at 150,975.48 points, marking a strong gain of 1,004 points or 0.67%.
