The Pakistan Stock Exchange (PSX) extended its winning streak on Thursday, with the benchmark KSE-100 Index closing at a fresh high as positive macroeconomic cues and easing geopolitical concerns boosted investor sentiment. "Bulls extend their grip as optimism lifts the market," observed Tooline Securities.
The local bourse witnessed another bullish trading session today, with investors maintaining a positive stance throughout the day. The benchmark index surged to an intraday high of 1,358 points before settling at 181,398, gaining 887 points or 0.49% on a day-on-day basis.
The upward momentum was primarily fueled by the continued decline in international crude oil prices, which improved the macroeconomic outlook and strengthened investor confidence. Further supporting sentiment was growing optimism surrounding the anticipated signing of a peace agreement Memorandum of Understanding between Iran and the USA, reportedly scheduled for Friday. The development raised hopes of easing geopolitical tensions in the region, encouraging risk-taking activity and broad-based buying across key sectors.
Key Contributors to Market Rally
On the index contribution front, index heavyweights HUBC, SRVI, FFC, ENGROH, and PPL emerged as the primary drivers of upside momentum, collectively contributing 679 points to the benchmark's gain.
Market Participation and Volume
Market participation was robust, with total traded volume reaching 1,241 million shares and total traded value amounting to PKR 58 billion — reflecting strong investor conviction and broad-based market engagement across the board. KOSM emerged as the top volume leader with 230 million shares exchanging hands.
