The Pakistan Stock Exchange’s (PSX) 100-Index surged by 1,781.94 points (1.86%) on Thursday, reaching a record high of 97,328.39 points, up from 95,546.45 points in the previous session.
A total of 969.91 million shares were traded during the day, down from 1.14 billion shares in the previous session, with the total value of shares standing at Rs. 35.17 billion compared to Rs. 37.48 billion on the last trading day.
Out of 455 companies that traded shares, 249 recorded gains, 165 saw losses, and 41 remained unchanged.
Topline Securities reported that investor confidence improved after the Army Chief met with the business community. Aggressive buying in the fertilizer sector, especially in FFC and FFBL, further fueled the market’s positive momentum.
Major contributors to the index’s rise were FFC, EFERT, ENGRO, FFBL, and OGDC, which together added 1,196 points, according to Topline.