PSX extends rally, reclaims 175,000 mark

The Express Tribune reported that the KSE-100 rose 3,366 points, or 1.96%, to finish Thursday at 175,380, extending its advance to a fourth session and moving back above 175,000. The index reached 176,605 during the day, but some investors booked profits before the close.

The report attributed the rise to easing geopolitical concerns, lower international oil prices and buying across major sectors. UBL, Lucky Cement, Meezan Bank, Systems and Engro Holdings were the leading positive contributors, together adding 1,293 points; trading volume increased to 999.8 million shares from 841.6 million. Cnergyico led turnover with 74 million shares, while foreign investors sold shares worth Rs1.2 billion, according to the National Clearing Company.