Shares on the Pakistan Stock Exchange’s (PSX) benchmark index surged by approximately 800 points during intraday trading on Thursday.
According to the PSX website, the KSE-100 index was at 112,285.17, showing an increase of 797.81 points, or a rise of 0.72%, by 11:39 am.
There was significant buying activity in sectors with substantial index weight, including cement, chemicals, commercial banks, automobile assemblers, oil and gas exploration companies, OMCs, power generation, and refineries.
Prominent stocks such as HUBCO, OGDC, PPL, POL, MARI, NRL, PSO, SHEL, SNGP, MCB, and MEBL experienced positive trading activity, as reported by Business Recorder.
On Wednesday, the KSE-100 index mainly remained in the negative territory, closing at 111,487 (down 0.48%). According to Topline Securities, this market pressure was attributed to a lack of triggers, institutional selling, and the ongoing futures rollover week.
In the fertilizer sector, FFC announced its 4Q2024 results, posting an EPS of Rs9.94 (down 42% QoQ, up 90% YoY), bringing its CY24 EPS to Rs45.49 (up 118% YoY).
