KARACHI (MNN); Pakistan’s stock market witnessed a strong rally on Thursday as the benchmark KSE-100 index closed significantly higher, gaining 5,433.46 points to settle at 161,210.67.
The increase marked a 3.49 per cent rise compared to the previous closing level of 155,777.21 points.
Market analysts at Topline Securities said the rally strengthened as trading progressed during the session.
The index had already gained more than 2,000 points by 10:30am. By 11:37am, the benchmark had climbed 3,815.48 points, and by 1:02pm the gains had reached 4,954.54 points before the market closed even higher.
Compared with earlier sessions this week, Thursday’s trading saw relatively lower volatility. The market maintained a steady upward trend with only minor pullbacks during the day.
Analysts described the rally as more than just a recovery, calling it a “statement rally” characterised by strong investor accumulation and broad-based buying across sectors.
Trading volumes remained robust, with a total of 402,543,323 shares exchanged, while the overall value of traded shares stood at Rs29.24 billion.
Among the most actively traded companies, K-Electric led the market, with its share price rising 8.2 per cent to Rs8.05 on a volume of 115.63 million shares.
It was followed by Trust Securities & Brokerage Limited (R), which declined 18.18 per cent to Rs0.18 on a volume of 50.03 million shares.
Meanwhile, Unity Foods Limited gained 5.77 per cent to close at Rs10.08 with a traded volume of 48.3 million shares.
Major index-weighted companies such as Hub Power Company, Oil and Gas Development Company, Fauji Fertilizer Company, Engro Holdings and Meezan Bank played a key role in driving the rally, jointly contributing about 2,197 points to the overall index gains.
