Strong earnings releases from the banking, pharmaceutical, and cement industries propelled the stock market to continue its upward trajectory on Thursday.
While some sectors remained range-bound, these saw substantial buying activity, which boosted investor confidence.
The benchmark KSE-100 Index of the Pakistan Stock Exchange (PSX) closed at 113,739.15 points, up 396.72 points, or 0.35%.
The stock market rose to an intraday high of 114,202.13 points, reflecting fresh optimism, but profit-taking caused it to fall to a session low of 113,525.89 points.
“The market is trading up on stellar results by cement, banking, and pharma companies,” said Ahfaz Mustafa, CEO of Ismail Iqbal Securities, attributing the market’s gains to strong corporate results.
He went on to say, “These companies’ high volumes are what are pushing the index higher, while the other
