The Pakistan Stock Exchange witnessed a significant rally on Wednesday, November 4, the third trading day of the week, where the benchmark KSE-100 index rose by almost 4,000 points to close above the 172,000 level.
The KSE-100 index closed at 172,013.48 points, up 3,994.62 points, or 2.38 percent. The index had closed at 168,018.86 points in the previous trading session.
During the session, the index touched a high of 172,286.99 points, while its low was recorded at 168,355.26 points.
The positive trend in the market was also evident in other major indices. The KMI-30 index, which represents Sharia-compliant companies, closed at 246,398.18 points, up 5,817.20 points, or 2.42 percent.
Similarly, the KSE-30 index rose 1,206.74 points, or 2.44 percent to 50,618.51 points, while the All Share Index recorded a gain of 2.13 per percent.
According to market data of the Pakistan Stock Exchange, about 841.62 million shares were traded during business activities, with a total value of about Rs 35.39 billion.
The performance of various sectors in the market was also positive. The textile weaving sector was among the top performers with a gain of 4.63%.
The rise in major indices, including KSE-100 and KMI-30, reflected the broad buying trend in the market. However, the continuation of this bullish trend will be judged by the performance of the upcoming trading sessions.
