Bulls make further inroads at PSX, KSE-100 up 1,600 points

There was no stopping the bulls at the Pakistan Stock Exchange (PSX), with the benchmark KSE-100 Index gaining over 1,600 points during the opening hours of trading on Thursday. At 11:35am, the benchmark index was hovering at 185,707.10, up by 1,657.00 points or 0.90%. Buying interest was observed in key sectors, including commercial banks, fertiliser, oil and gas exploration companies and power generation. Index-heavy stocks, including HUBCO, OGDC, POL, PPL, HBL, MEBL and UBL, traded in the green. On Wednesday, PSX opened fiscal year 2026-27 on a highly bullish note as investors cheered a softer inflation outlook, declining international oil prices and mounting expectations of an imminent interest rate cut by the State Bank of Pakistan (SBP). The benchmark KSE-100 Index surged 3,748.40 points, or 2.08%, to settle at a record 184,050.10 points.