The Pakistan Stock Exchange (PSX) continued its impressive rally on Wednesday, with the benchmark KSE-100 index soaring 1,317.85 points, or 0.87%, to reach 152,293.33 during intra-day trading. The index touched a high of 152,383.82 and a low of 151,320.49.
Market participation remained strong, with trading volume recorded at 139.4 million shares. The total value of transactions reached Rs14.33 billion, reflecting investor confidence and positive sentiment in key sectors of the stock market.
The rally follows Tuesday’s close of 150,975.48, when the KSE-100 index had surged 1,004 points, or 0.67%. Analysts attributed the gains to improved macroeconomic indicators and renewed buying interest in attractive stocks across the market.
Reporting the latest trade numbers, the Pakistan Bureau of Statistics (PBS) announced a trade deficit of $2.88 billion in August, showing a 9% decline compared with July’s deficit of $3.15 billion. This contraction further boosted investor optimism.
Topline Securities noted that the market maintained strong momentum throughout the day. Major trading volumes were led by Bank of Punjab with 174.4 million shares, followed by Pak Electron and First National Equities, showing mixed price movements.
Arif Habib Limited (AHL) highlighted that the intra-day high brought the KSE-100 within striking distance of the weekly target of 151,200 points. Analysts expect the market to maintain its upward trend as investors continue to respond positively to economic cues.