KARACHI: The Pakistan Stock Exchange (PSX) saw a strong recovery on Wednesday as mid-session value-hunting pushed the benchmark KSE-100 index into positive territory. The index closed at 162,226.28 points, gaining 1,291.07 points after falling in the previous two sessions. Trading ranged between 161,279 and 162,741 points, supported by Fauji Fertiliser’s increased influence following its addition to the KMI-30 index.
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Ali Najib, Deputy Head of Trading at Arif Habib Ltd, noted that the index’s rebound above 162,000 points has investors monitoring whether the market can sustain its strength and push toward the upper end of its consolidation range of 160,000-170,000 points. He added that the 164,000-165,000 level could serve as a potential resistance.
Despite the bullish close, trading volume dropped 33.38 percent to 1.028 billion shares, while the traded value rose 16.27 percent to Rs45 billion. WorldCall Telecom led the volume chart with 160.1 million shares exchanged.
Bloomberg reported that retail investors are playing a key role in extending the PSX surge in 2025, reflecting renewed confidence in local equities amid years of political and economic volatility. The KSE-100 index has risen roughly 40 percent this year, one of the best performances in Asia, driven by government stability and attractive returns for individual investors.
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Topline Securities CEO Mohammed Sohail said the rally is “liquidity-led” and could continue as long as the inflow of funds persists. Nearly 36,000 new trading accounts were opened in the September quarter, compared to 23,600 in the previous quarter, while daily turnover surpassed $200 million in October, the highest since 2017.