PSX jumps 1.3% on institutional support

The Pakistan Stock Exchange (PSX) witnessed a strong momentum on Thursday as the benchmark KSE-100 index surged nearly 2,200 points, powered by robust institutional buying and renewed interest in blue-chip shares. The rally, which pushed the index to the intra-day high of over 2,400 points, marked a sharp shift from the sluggish pace in recent days and reflected improving sentiment despite lingering geopolitical and macroeconomic concerns. At the close of trading, the KSE-100 index posted gains of 2,184.78 points, or 1.34%, and settled at 165,373.31. "Upward momentum was built as local institutions led the charge," commented Topline Securities. The local bourse moved higher once again, supported by steady buying from local institutions that kept sentiment positive, it said.