PSX Gains Nearly 1,000 Points on Broad-Based Buying

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KARACHI – Web Desk: Buying interest dominated trading at the Pakistan Stock Exchange (PSX) on Thursday, lifting the benchmark KSE-100 Index by nearly 1,000 points during intraday trade.

Investor activity remained concentrated in automobile assemblers, cement, chemical, commercial banks, fertiliser, oil and gas exploration companies, oil marketing companies, and power generation stocks.

The benchmark KSE-100 Index touched an intraday high of 181,687.19 points before surrendering some gains amid profit-taking. By mid-afternoon, the index was trading at 181,010.24 points, up 995.31 points or 0.55% from the previous close of 180,014.93. It slipped to an intraday low of 180,626.92 during the session.

Market participation remained healthy, with 189.26 million shares changing hands valued at Rs 17.63 billion.

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