PSX extends rally to fourth session, gains 1,456 points

The KSE-100 was at 166,873.49 by mid-day on Thursday, a rise of 1,136.74 points, or 0.69 per cent, from the previous close of 165,736.75, The Express Tribune reported. During the session, it ranged between 165,907.29 and 167,483.48, while about 191 million shares worth roughly Rs12.27 billion changed hands.

This was the index’s fourth straight session of gains, following Wednesday’s 1,269.55-point advance to 165,736.76. The report linked the earlier rise to stronger-than-expected corporate results and improved investor sentiment, and said trading interest remained evident in fertiliser, banking and power stocks. Turnover was lower than Wednesday’s, and investors were assessing whether the recovery could hold near 167,000; analysts also noted that some traders could take profits at higher levels.