KARACHI: Pakistan stocks remained firmly in positive territory throughout Thursday’s trading session, settling at 168,514 points with a gain of 3,683 points, or 2.23%, at the close.
The strong recovery reflected renewed optimism among market participants and firm bullish conviction, according to traders. Buying activity was broad-based, with no significant pullback during the session as the index sustained its upward momentum from opening bell to closing bell.
An analyst at Topline Securities said the bulls stood firm as investor confidence returned strongly to the local bourse, driven by encouraging developments in the ongoing U.S.-Iran negotiations and a decline in international oil prices.
“Growing optimism over easing geopolitical tensions lifted overall sentiment, prompting aggressive buying across key sectors. The fall in oil prices, amid expectations of a constructive outcome in the U.S.-Iran talks, further strengthened investor confidence.”
An analyst at Ismail Iqbal Securities said the benchmark index closed positive as declining oil prices and expectations of easing US-Iran tensions amid renewed diplomatic engagement improved investor sentiment. “Heavyweights provided major support to the index.”
The rally was primarily fueled by heavyweight stocks, including United Bank (UBL), Fauji Fertilizer (FFC), Lucky Cement (LUCK), Habib Bank (HBL), and HUBCO, which collectively contributed 1,608 points to the benchmark index, playing a key role in sustaining the market’s upward trajectory.
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Market activity also improved compared to the previous session, with total traded volume clocking in at 729 million shares, while total turnover stood at Rs34.9 billion.
