PSX extends recovery for fourth session

The KSE-100 rose 1,456.68 points, or 0.88%, on Thursday to finish at 167,193.44, extending its advance to a fourth straight session and reaching its highest close in nearly a month. The index moved between 165,907 and 167,483, while total volume climbed to 816.83 million shares from 578.12 million a day earlier; traded value was Rs31.54 billion.

Fertiliser and banking stocks, including FFC and HBL, contributed most to the index gain, while NBP, DGKC and POL weighed on it, according to Arif Habib Limited. PPL reported first-quarter FY27 earnings of Rs9.26 per share, up 25% year on year, and PSO recorded Rs54.44 per share, a 172% increase; Cnergyico and K-Electric also featured among the most actively traded shares. The Express Tribune reported that foreign investors sold Rs1.2 billion worth of shares, while AHL noted the index was near a technical resistance level.