The Pakistan Stock Exchange index jumped by over 1,100 points as soon as trading began on Thursday. The sudden buying rush helped the market cross the major 176,000-point mark.
The Pakistan Stock Exchange (PSX) saw a highly positive start to the day on Thursday morning. Local investors rushed to buy shares, which instantly broke a slow downward trend seen earlier in the week.
Market Crosses Big Milestone
Trading data from the Pakistan Stock Exchange showed a giant jump in the KSE-100 index right from the start.
- The market opened the day with a small gain of 386 points, starting at 175,672 points.
- The buying speed increased heavily within the first few minutes, pushing the index up by 1,100 points.
- The index reached 176,400 points. It successfully crossed back over the 176,000-point level.
This morning rally represents a massive recovery from the previous day closing position of 175,285 points.
