KARACHI: The Pakistan Stock Market witnessed a strong bullish trend on the second trading day of the week, closing significantly higher amid sustained investor confidence.
The benchmark KSE-100 Index gained 5,043 points and settled at 165,634 points, with five psychological resistance levels being regained during the session.
Trading activity remained robust as shares worth Rs36 billion were exchanged, involving 81.77 crore shares.
A total of 565 companies participated in the trading session, with 389 recording gains, 112 posting losses, while the remaining remained unchanged.
The market had previously closed at 160,591 points in the last session, highlighting a sharp upward momentum in the current trading day.
According to market experts, the rally was driven by optimism over progress in US-Iran negotiations along with fresh buying in undervalued stocks.
Earlier, Pakistan Stock Exchange witnessed a sharp downturn on the first trading day of the week, with heavy selling pressure dominating the market.
The benchmark KSE-100 Index closed with a massive decline of 6,600 points, settling at 160,591.
During intraday trading, the index touched a high of 163,612 points and a low of 160,158 points, reflecting significant volatility throughout the session.
Market activity remained robust, with over 320 million shares traded, amounting to a total value of approximately Rs28 billion.
Out of the total traded companies, shares of 66 firms registered gains, while 377 companies saw declines, indicating a broadly negative market sentiment.
