The Pakistan Stock Exchange’s (PSX) benchmark KSE-100 Index sustained its bullish charge on Wednesday, gaining 2,051.33 more points, a positive of 1.43 percent, hitting new mile stone by reaching 145,088.50 points against 143,037.17 points last trading day.
Analysts at Topline Securities Ltd. attributed the surge to the Banking sector, stating that the banking stocks remained the star performers as HBL, NBP, MEBL, and UBL collectively contributed 1,017 points to the benchmark. HBL and NBP hit their upper circuits during intraday trade, although mild profit-taking toward the close trimmed some gains.
Investor participation remained robust, with traded volume climbing to 788 million shares during the day as compared to 549 million shares the previous trading day, whereas the turnover rising to Rs52.7 billion against Rs37 billion on the last trading day.
