KSE-100 surges by 926 points during intra-day trading, led by key sectors

The Pakistan Stock Exchange (PSX) saw continued bullish momentum on Wednesday, with the benchmark KSE-100 Index gaining over 900 points during intra-day trading.

At 2 pm, the index was at 158,871.96, up by 926.94 points or 0.59%. The KSE-100 hit an intra-day high of 159,046.60 points during the session. Key sectors, including commercial banks, cement, fertiliser, oil and gas exploration, OMCs, power generation, and refineries, saw buying interest, with index-heavy stocks such as NRL, HUBCO, MARI, OGDC, POL, PPL, PSO, and SNGPL trading in the green.

In a major development, the government of Pakistan and a consortium of 18 banks are set to sign a long-awaited Rs 1.225 trillion financing facility agreement to tackle the circular debt crisis in the power sector.

On Tuesday, the PSX closed positively, with the KSE-100 Index gaining 390.36 points, or 0.25%, settling at 157,945.03.