PSX: bulls dominate, KSE-100 ends with over 600 points gain

According to Business Recorder, the Pakistan Stock Exchange ended Wednesday's session higher, with the KSE-100 closing at 165,417.51 after a rise of 641.07 points, or 0.39 per cent. The index swung between an intra-day low of 164,060.34 and a high of 165,629.35, recovering from an early dip as buyers stepped in. Topline Securities said the rebound reflected value hunting after a recent downturn, but added that sentiment remained cautious amid political and economic uncertainty.

Engro Holdings, Lucky Cement, Fauji Fertilizer, Bank Al-Habib and National Bank of Pakistan led the advance, together adding about 381 points to the index. On the downside, MCB, Hub Power, Pakistan Oilfields, Pakistan Telecommunication and National Foods collectively shed around 132 points. Turnover also grew, with volume rising to 585.89 million shares from 383.75 million and traded value reaching Rs20.07 billion against Rs13.10 billion.

Of the 501 companies traded, 256 registered gains, 200 declined and 45 ended unchanged. WorldCall Telecom was the most actively traded stock with 87.35 million shares, followed by Cnergyico PK at 41.18 million. Meanwhile, the rupee edged up Rs0.01 to close at 276.95 against the US dollar in the interbank market, while Asian shares rose modestly despite elevated oil prices.