PSX Closing Bell: Bulls on the Loose

The KSE-100 gained 1,269.55 points, or 0.77%, to finish Wednesday at 165,736.75, Mettis Global reported. During the session it moved between 164,355.82 and 166,100.33, while 63 index constituents rose, 34 fell and three were unchanged.

Fauji Fertilizer added the most to the index, contributing 338.39 points, followed by NBP with 185.21 and HUBC with 158.19. Commercial banks and fertilizer stocks were the strongest sector contributors, adding 536.03 and 443.54 points respectively; investment and securities companies weighed most heavily, subtracting 105.49 points.

Across the wider market, the All-Share Index advanced 628.92 points to 100,358.83. Trading volume reached 578.12 million shares and traded value was Rs26.20 billion; despite the daily rise, the KSE-100 remained down 14,565 points, or 8.08%, for the fiscal year.