The Pakistan Stock Exchange (PSX) witnessed a strong bullish start on Thursday as the KSE-100 Index surged by over 3,000 points in early trading, reflecting sustained investor confidence across key sectors.
By 10:10am, the benchmark index stood at 167,892.19 points, gaining 3,060.77 points or 1.86%.
Buying momentum was seen across major sectors including automobiles, cement, commercial banks, oil and gas exploration, oil marketing companies (OMCs), power generation, and refineries. Key stocks such as ARL, HUBCO, MARI, OGDC, PPL, FFC, MCB, MEBL, and UBL all traded in positive territory.
Investor sentiment was also supported by ongoing discussions between Pakistan and the International Monetary Fund (IMF) regarding the federal budget for FY2027, which continued following a recent staff-level visit.
A day earlier, the PSX had also closed on a strong note, with the KSE-100 Index gaining 1,934.74 points (1.19%) to settle at 164,831.42, driven by broad-based buying across sectors.
Global markets added further support to local equities. Asian stocks rallied as shipping activity resumed through the Strait of Hormuz, while strong corporate earnings in the technology sector boosted sentiment. South Korea’s KOSPI rose over 7%, Taiwan gained 3.5%, and Chinese blue-chip stocks climbed 1.1%.
Oil prices also edged higher, with Brent crude rising to $105.68 per barrel, supported by easing shipping disruptions and ongoing supply concerns highlighted by US inventory data.
Overall, improved global cues and domestic economic optimism helped drive strong gains at the PSX in early trade.
