PSX Maintains Bullish Momentum, Index Gains 583 Points
KARACHI: The Pakistan Stock Exchange (PSX) witnessed another positive session on Thursday, with the benchmark KSE-100 Index climbing 583 points to reach 157,603 in early trading.
Strong buying interest was observed in automobiles, cement, commercial banks, fertilizers, oil & gas exploration, power generation, and refinery sectors. Heavyweight stocks such as OGDC, PPL, PSO, Hubco, and UBL traded in the green.
The market had also closed positively on Wednesday, adding 457 points, reflecting investors’ growing confidence.
On the global front, “Oracle mania” pushed Asian tech stocks to new highs. Oracle’s shares surged 36% — the biggest one-day jump since 1992 — taking the company close to the trillion-dollar market cap club. This AI-driven rally lifted Japan’s Nikkei by 1.2%, Taiwan’s index by 1%, and Chinese blue chips by 1.8%.
In contrast, European markets remained cautious ahead of the European Central Bank’s rate decision, with Euro Stoxx 50 futures edging up only 0.1%.
Comments are closed, but trackbacks and pingbacks are open.