The Pakistan Stock Exchange returned strongly today, on Wednesday (February 18th), and put an end to the previous bearish trend. The KSE-100 Index increased by 3,000 points to 176,151 and hit a high of 177,024 in the trade. Investor confidence was boosted by positive economic news such as a current account surplus and a projected government relief package in the construction industry.
Gains Across Different Sectors
Shares of banking, oil and gas, cement, and fertilizer companies led the market rally. These sectors attracted heavy investor interest. Trading volumes were high as both new and existing investors entered the market.
KSE-100 Index Restores Key Levels
Three important index levels—174,000, 175,000, and 176,000 points—were restored. During trading, the index gained 3,873 points from recent lows. The market had fallen 6 percent over the past four sessions, making share prices attractive to buyers.
Investor Response
Investors took new positions after observing attractive share prices. Brokers reported strong buying activity, particularly in banking and construction sector stocks. The market sentiment improved rapidly as confidence returned.
Market Outlook and Key Focus
Analysts are optimistic yet cautious because the economic indicators are still positive. The major industries, such as banking, construction, and energy, are likely to drive market activity. Government announcements and future economic data are being keenly observed by investors as a basis of additional guidance.
