The Pakistan Stock Exchange (PSX) ended the day on a high note this Thursday, with the KSE-100 index rising by 1,189.52 points. The market closed at 172,894.28, a level that reflects a 0.69% daily growth. Investors were particularly active today, with 429.22 million shares being traded among the index companies.
This high activity level is a positive indicator for the local economy and investor sentiment. The top performing stocks that drove the index upward were UBL, FFC, Lucky Cement, and OGDC. These companies contributed heavily to the total point gain, helping to offset losses from other stocks like MCB and HBL.
Even though the market dipped to 171,541.04 at one point, it bounced back strongly, showing that there are plenty of buyers ready to support the index at lower prices. The current fiscal year has been excellent so far, with a total gain of 37.62% since the start of July.
As the week comes to a close, market analysts are keeping a close eye on these trends to see if the KSE-100 can continue its upward journey and break past its previous records.
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