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PSX: KSE-100 gains over 1,000 points

Business Recorder • • 1 min read

PSX: KSE-100 gains over 1,000 points

Business Recorder reported that the KSE-100 index ended Thursday's session at 169,043.19, after adding 1,021.39 points, or 0.61%, at the Pakistan Stock Exchange. Trading opened under pressure, with the index sliding to an intraday low of 168,222.91 before a steady recovery carried it to a midday peak of 169,576.52.

According to Topline Securities, selective buying in index-heavy stocks following a recent correction supported the rebound, though caution persisted over global oil prices, geopolitical developments and institutional flows. UBL, PPL, MARI, BAFL and HBL were the largest contributors, adding about 493 points together, while NBP, GHNI and FFC pulled the index down by roughly 88 points.

The rupee closed at 277.26 against the US dollar in the interbank market, gaining Rs0.01 on the day. Trading activity picked up, with all-share volume rising to 386.37 million shares from 356.14 million and value increasing to Rs20.09 billion from Rs19.49 billion. Media Times Ltd led by volume with 42.16 million shares, followed by Cnergyico PK and Naya Nazimabad.

At a glance

  • The KSE-100 closed at 169,043.19, up 1,021.39 points or 0.61%.
  • UBL, PPL, MARI, BAFL and HBL were the largest contributors to the gain.
  • The rupee closed at 277.26 per US dollar in the interbank market.
Sectors:Commercial BanksOil & Gas Exploration CompaniesFertilizer

Originally reported by Business Recorder

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