Karachi – Pakistan – The Pakistan Stock Exchange (PSX) continued its remarkable rally Wednesday, with the benchmark KSE-100 index soaring 1,318 points — a gain of 0.87% — to reach a new intra-day high above 152,000. The index traded between a low of 151,320 and peaked at 152,383 before settling around 152,293 amid strong market momentum.
Investor confidence was palpable, as trading volumes surged to over 139 million shares and the total value exchanged crossed Rs14.3 billion. Analysts attribute the bullish performance to improved macroeconomic indicators and renewed optimism in key sectors.
The rally follows a significant gain on Tuesday, when the index jumped by over 1,000 points. The Pakistan Bureau of Statistics also reported a narrower trade deficit of $2.88 billion in August — a 9% drop compared to July — which further lifted investor sentiment.
Market observers note that if this upward trend sustains, the KSE-100 could soon set its sights on the 160,000 milestone in the weeks ahead.
This story has been reported by PakTribune. All rights reserved.