PSX witnessed a huge rally, KSE-100 index crossed the 168,000-point mark

The Pakistan Stock Exchange witnessed a huge rally during trading today, and the KSE-100 index crossed the 168,000-point mark and closed with a gain of 3,683 points.

According to the market report, the KSE-100 index increased by 3,683.02 points to close at 168,514.45 points. During the trading day, the index also touched a high of 168,869.18 points, while the low was 166,638.56 points.

According to experts, the main reason for the positive trend in the market was the strong interest of investors in the banking, fertilizer and cement sectors. Investors preferred to buy in large shares, which led the market to continue to rise.

United Bank Limited (UBL) was the most prominent company today, adding 560.70 points to the index. Fauji Fertilizer Company (FFC), Lucky Cement (LUCK), Habib Bank Limited (HBL) and HUBCO also played an important role in the market’s momentum.

According to market data, FFC gained 365.48 points, Lucky Cement 244.90 points, HBL 222.34 points while HUBCO gained 214.59 points.

On the other hand, stocks like ILP, MEHT, JDWS, SAZEW and HCAR saw limited declines. These companies had a negative impact on the index, but the overall market remained in a bullish trend.

According to the Pakistan Stock Exchange, 270.58 million shares were traded in the market today, while the KSE-100 index recorded a total increase of 2.23%.

According to the report, the KSE-100 index has increased by 34.14% since the beginning of the financial year, which analysts are calling a sign of improvement in the economy. However, the index is still down 3.18% on a calendar year basis.

Economists say that if the government’s economic policies continue and external financial support improves, the Pakistan stock market can strengthen further. According to them, investors are currently keeping a close eye on interest rates, inflation and progress related to the IMF program.

According to analysts, if this buying trend continues, the KSE-100 index could reach new highs in the coming days.