The Pakistan Stock Exchange (PSX) made history on Thursday as the benchmark KSE-100 index surged past the significant 100,000-point mark, reflecting investor optimism and a positive start to the trading session.
At 09:42AM, the benchmark KSE-100 index climbed by 947.32 points, or 0.95%, reaching 100,216.57 points, up from its previous close of 99,269.25 points.
This milestone comes as a remarkable recovery for the market, which experienced a sharp drop of over 3,500 points on Tuesday, following violent protests in Islamabad that had unsettled investor confidence.
The trading volume for today has been strong, with over 154 million shares exchanged, and a total value of over Rs 4.5 billion.
The market’s positive momentum follows yesterday’s strong performance, which saw the index reclaim five key levels—95,000, 96,000, 97,000, 98,000, and 99,000 points—before closing at 99,269.25 points.
Investor confidence remains high, driven by factors such as easing political tensions, optimistic economic indicators, and strong sectoral performances.
As the PSX continues to show resilience and growth, it reflects the broader potential for Pakistan's economic development.
On Wednesday, 100-index skyrocketed nearly 4,700 points – the biggest single-day surge in the bourse's history.
A day ago, the market was jolted by massive sell-off, plunging over 3,500 points on the back of growing political unrest. The spectacular rebound, which took the KSE-100 index to record high above 99,200 points, could be attributed to investor sentiment, buoyed by the easing of political tensions following the end of Pakistan Tehreek-e-Insaf's (PTI) protest in Islamabad.
A strong performance by the banking sector boosted investor confidence, while other key sectors such as automobile, oil and gas, oil marketing companies (OMCs) and power generation also played a significant role in driving the rally.
"Stocks closed at a new all-time high, led by across-the-board interest in shares, after PTI ended its protest in the capital, easing political noise and security concerns," Arif Habib