Buying momentum at bourse, KSE-100 up over 700 points in early trade

Trading at the Pakistan Stock Exchange (PSX) kicked off on a positive note, with the benchmark KSE-100 Index gaining over 700 points during the opening minutes of trading on Wednesday. At 9:35am, the benchmark index was hovering at 182,871.39, up 717.84 points or 0.39%. Buying interest was observed in key sectors, including cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation and refinery. Index-heavy stocks, including HUBCO, MARI, OGDC, POL, PPL, PSO, MCB, MEBL and UBL, traded in the green. Pakistan and Indonesia on Tuesday agreed to expedite efforts to transform their existing Preferential Trade Agreement (PTA) into a Comprehensive Economic Partnership Agreement (CEPA) by 2027, marking a significant step towards strengthening bilateral economic ties.