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PSX Closes Higher After Whipsaw Session as Volumes Hit Rare Levels

Heavy trading signaled cautious optimism despite warnings on growth, reforms, inflation.

Overview

  • KSE-100 finished up 146.75 points at 165,640.34 after swinging between an intraday high of 166,523 and a low of 164,155.
  • Turnover reached about 1.64 billion shares, which Arif Habib Limited noted was only the second billion-plus day in the past two decades.
  • Brokers cited institutional interest in banks, fertiliser and energy, with Mari Energies, Meezan Bank and Fatima Fertiliser among the top contributors.
  • Foreign investors were net buyers of roughly Rs211.4 million, and the PSX said 64% of traded value was in Shariah-compliant stocks.
  • Early Thursday trading showed the index up about 865 points after Pakistan repaid a $500 million Eurobond, according to Dunya News.