Stocks continue to surge, KSE-100 up nearly 1,300 points in early trade

Buying continued at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining nearly 700 points during the opening minutes of trading on Thursday. At 9:50am, the benchmark index was hovering at 172,974.55, up by 1,269.80 points or 0.74%. Buying was observed in key sectors, including automobile assemblers, commercial banks, oil exploration companies, OMCs, power generation, and refineries. Index-heavy stocks, including HBL, MEBL, NBP, UBL, MARI, POL, SSGC, ARL and PRL, traded in the green. On Wednesday, PSX witnessed a powerful bullish session as easing geopolitical tensions between the United States and Iran, coupled with a sharp decline in global oil prices, triggered aggressive buying across the board, significantly lifting investor sentiment. The benchmark KSE-100 Index surged by 6,962.29 points or 4.23% to close at 171,704.76 points.