The Pakistan Stock Exchange (PSX) maintained its bullish run on Wednesday, with the KSE-100 Index soaring by more than 900 points in early hours of trade.
Read More: Pakistan Stocks Follow Global Uptrend with Strong Buying
Investors continued to pile into cyclical and index-heavy stocks, encouraged by macroeconomic stability and robust earnings reports.
By 10:15am, the index had reached 151,899 points, up 923 points or 0.61%. The rally was supported by cement, banking, fertiliser, oil exploration, refinery, and power generation sectors. Stocks including HUBCO, MARI, OGDC, PPL, POL, and PSO traded firmly in positive territory.
“Investor appetite is being fueled by encouraging economic data,” explained Waqas Ghani of JS Global.
He highlighted cement sector gains from improved profitability, while banks remained steady despite lower policy rates. Improved auto sales also contributed to positive momentum.
The upward trend carried over from Tuesday, when the index climbed by 1,004 points to close at 150,975. Analysts believe that consistent foreign inflows, together with stable macro fundamentals, are underpinning the rally.
Internationally, global markets faced turbulence, with yields on long-dated bonds in Japan and the US rising sharply. Japan’s Nikkei slipped 0.5%, while Australia’s ASX 200 index fell nearly 1% after weaker-than-expected GDP data.
