The Pakistan Stock Exchange created history on Wednesday as bullish sentiment pushed the benchmark index to unprecedented levels, marking a strong start to the new year.
Business at the Pakistan Stock Exchange ended at a new record after a volatile but strongly positive trading session. Despite sharp intraday swings, the market finished firmly in the green.
By the close of trading, the KSE-100 Index gained 1,456 points to settle at a historic level of 186,519 points.
Index touches 187,015 during intraday trade
During the session, the stock market gained more than 1,900 points, crossing the psychological milestones of 186,000 and 187,000 points for the first time in history.
The KSE-100 Index surged as much as 1,953 points to touch its highest-ever level of 187,015 points before paring some gains.
Since the beginning of the new year, the stock market has rallied sharply, adding around 13,000 to 13,500 points in just five trading sessions. This sustained upward trend reflects strong investor confidence and aggressive buying across key sectors.
The market has repeatedly set new records during the week, underlining the strength of the bullish momentum.
Volatility seen but bulls remain dominant
The trading session witnessed notable volatility, with the index moving from positive to negative territory and then returning to the positive zone. At one point, the market recorded an intraday gain of 1,705 points and a decline of 165 points.
Despite these fluctuations, buying interest remained strong, allowing the index to reclaim and hold above the 186,000-point level.
Earlier in the day, during the third trading session of the week, business opened briskly for the third consecutive day. The KSE-100 Index jumped by more than 1,700 points at the start of trading, rising to around 186,766 points.
This early surge set the tone for the rest of the session and paved the way for new milestones.
Heavy trading volumes
Market activity remained robust, with a total of 1.31 billion shares changing hands during the session. The value of shares traded stood at approximately Rs86 billion, highlighting strong participation from investors.
Analysts say the record volumes and consistent gains point to renewed optimism about market prospects.
With the PSX repeatedly breaking records, the new year has begun on an exceptionally strong note for Pakistan’s equity market. The continued bullish trend suggests that investors are positioning themselves for further gains, barring any major external shocks.
