The Pakistan Stock Exchange (PSX) extended its historic rally on Wednesday, building on the momentum from the previous session and investor optimism fueled by global ratings agencies.
During intraday trading, the benchmark KSE-100 index rose by 586.97 points, or 0.39%, to reach a record high of 150,357.71. A day earlier, the index had surged by 1,574.32 points (1.06%) to close at 149,770.75, crossing the 150,000-point mark for the first time.
The bullish sentiment was supported by Fitch Ratings’ positive outlook on Pakistan’s banking sector and an upgrade by Moody’s Ratings.
On Wednesday, 809.08 million shares worth Rs 48.43 billion were traded. Out of 483 companies, 265 posted gains, 194 recorded losses, and 24 remained unchanged.
WorldCall Telecom led trading with 52.32 million shares at Rs 1.45 per share, followed by Bank of Punjab (46.06 million shares at Rs 14.76) and Fauji Cement (43.73 million shares at Rs 53.48).
Bhanero Textile Mills saw the highest price increase, climbing Rs 92.78 to close at Rs 1,020.56, while Thal Industries Corporation followed with a gain of Rs 53.85 to Rs 623.85 per share.
