PSX: rally continues, KSE-100 crosses 169,000 level

Business Recorder reported that the KSE-100 had climbed 1,326.78 points, or 0.79%, to 169,345.64 by 9:55am on Wednesday, extending the PSX rally. The rise followed a 1,454.80-point advance on Tuesday, when the index finished at 168,018.87. Investors were also watching the US midterm elections and their possible implications for Middle East peace talks.

Buying was reported across commercial banks, oil and gas exploration, power generation, automobile assemblers, cement, oil marketing and refineries. HUBCO, MARI, OGDC, PPL, POL, MCB, MEBL, NBP and UBL were among the index-heavy shares trading higher. In overseas markets, US futures and Asian stocks fell as investors assessed election results and other global developments; this update reflects trading during the session, not the PSX close.