PSX soars nearly 4,000 points in euphoric rally

The KSE-100 climbed 3,994.62 points, or 2.38%, on Wednesday to finish at 172,013.48, The Express Tribune reported. The index had already advanced 1,707.48 points early in the session, while trading across the ready market reached 841.6 million shares, up from 517.3 million a day earlier.

Banking, fertiliser and power shares were among the main supports, with UBL and Hub Power named as major contributors. TPL Properties led turnover with 67.9 million shares and closed at Rs12.67, up Rs0.68; foreign investors were net sellers of Rs1.16 billion in shares. The report connected the broader rally to hopes of reduced geopolitical strain, softer oil prices and developments after the US midterm elections, while noting that Middle East events remained a key market focus.