After three consecutive sales pressure sessions, the Pakistani Stock Exchange (PSX) organized a strong recovery on Thursday, as the standard KSE-100 index rose to 1,719.04 points (1.54 %) to close at 113,206.40.
The market remained positive throughout the session, as it touches the highest level during the day of 113,400.56 (+1,913.20) before stabilizing immediately below that mark. Buying attention was observed in the main sectors, including banking, cement, oil, gas and power generation services. Mary, Powell, luck, PSO, and Hubc were among the best contributors to the index gains.
Investor morale has improved with the start of the Alfalah bank from the annual profit season for the banking sector, while the focus remains on the upcoming International Monetary Fund review (IMF), which is expected to provide clarity in the overall economy view in Pakistan.
The total market size increased to 483.94 million shares, with a 26.10 billion rupees. The all -widespread participation index also recorded a large range of 1093.27 points (1.58 %), which reflects the improved investor confidence.
