PSX extends gains for second session as KSE-100 surges over 1,400 points
Business Recorder • • 1 min read
The KSE-100 rose 1,428.73 points, or 0.88%, to finish Tuesday at 164,467.20, extending its advance into a second session, Business Recorder reported. The index had reached 164,787.67 during the day, with buying spread across oil and gas marketing companies, commercial banks, refineries, cement and technology and communication stocks. On Monday, it had added 663.59 points following volatile trade.
Regional markets also advanced, with South Korea’s KOSPI up more than 4% in early trading and Japan’s Nikkei gaining 1.9%. Business Recorder linked the broader Asian mood to Anthropic’s US IPO filing and Meta Platforms’ plan to raise as much as $95 billion, while investors awaited decisions from the Federal Reserve, European Central Bank and Bank of Japan. Nasdaq futures rose 0.4%, while European futures slipped 0.23%.
At a glance
- The KSE-100 gained 1,428.73 points to close at 164,467.20.
- Buying spanned several sectors, including banks, cement and technology and communication.
- Asian equities climbed as investors considered technology developments and upcoming central bank decisions.
Originally reported by Business Recorder
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