Business
PSX maintains positive momentum as KSE-100 reaches 164,633 points
The Pakistan Stock Exchange (PSX) on Wednesday continued its bullish trend with purchasing trend.
In early trade, the benchmark KSE-100 Index added 166.25 points, or 0.10 percent, to 164,633.45 points.
The index entered the morning on a bullish note after a solid performance in the previous trading session where it gained 1,428.73 points or 0.88 per cent to close at 164,467.20, reported Business Recorder.
In the recent session, the benchmark index swung between an intraday high of 164,918.95 and a low of 164,502.45. It exchanged 19.23 million shares of stock. The reported trade value was 1.48 billion.
The market’s newest rally came after two straight days of advances and reflected ongoing purchasing enthusiasm in a broad range of large sectors.
The benchmark moved higher on Tuesday as investors bought into oil and gas marketing companies, commercial banks, refineries and cement industries, as well as technology and communication sectors. The index climbed 663.59 points on Monday after a chaotic trading session.