The KSE-100 index on the Pakistan Stock Exchange made a strong recovery on Wednesday, showing a clear upward trend during the trading session.
The index opened at 167,389.07 points and continued to move upwards. It reached an intraday high of 172,088.58 points, while the lowest level was recorded at 167,354.44 points. The market closed at 171,704.76 points, up 6,962.29 points.
This marks a gain of 4.23 percent, highlighting strong buying activity. Trading volume reached 562.66 million shares, reflecting solid participation across the market.
In terms of broader performance, the KSE-100 has shown a 36.68 percent increase on a fiscal year basis, indicating continued growth. However, the calendar year performance remains slightly negative at -1.35%.
Key stocks played a major role in driving the market upwards. UBL emerged as the top contributor with 931.70 points, followed by Lucky Cement (467.49 points) and Pakistan Petroleum Limited (390.95 points). Support also came from FFC and OGDC.
On the other hand, a few stocks recorded a slight decline. PSEL, COLG, INDU, MUREB, and HGFA contributed negatively, but their overall impact remained limited.
The session reflected improving confidence in the stock market with gains spread across major sectors of the economy.