On Thursday, bulls dominated the stock market thanks to strong market momentum, rising economic data, and a reduction in regional tensions, all of which boosted investor confidence in a number of industries.
At an all-time high of 119,961.91 points, the benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) increased 1,425.39 points, or 1.20%, from the previous close of 118,536.52.
Due to robust institutional interest, the index reached an intraday high of 119,990.30 points, representing a gain of 1,453.78 points, or 1.22%, for the day.
Following the announcement of a Rs34 billion compensation plan for the industry, refinery stocks are higher today. Sana Tawfik, Head of Research at Arif Habib Limited, stated, “We’ve already been seeing some momentum, especially with talk of the IMF disbursement and the geopolitical ceasefire.”
