ISLAMABAD: Buying momentum returned to the Pakistan Stock Exchange (PSX) on Wednesday, as the benchmark KSE-100 Index gained over 950 points by the close of trading.
Positive sentiment prevailed throughout the trading session, driving the KSE-100 Index to an intraday high of 120,106.21 points.
By the close of the session, the benchmark index had settled at 119,931.45, marking a gain of 960.33 points, or 0.81%.
“Investors remained active ahead of the FY26 budget, strategically realigning portfolios in anticipation of key fiscal measures,” said Ismail Iqbal Securities in its statement.
On Wednesday, a total of 667,685,585 shares were traded as compared to 437,920,561 shares on the previous trading day, whereas the price of shares stood at Rs 26.624 billion against Rs 20.811 billion on the last trading day.
As many as 463 companies transacted their shares in the stock market, 287 of them recorded gains and 125 sustained losses, whereas the share price of 51 companies remained unchanged.
On Tuesday, PSX witnessed a negative session, as its benchmark KSE-100 Index closed lower by 700 points at 118,971.12, amid concerns related to the upcoming budget for the financial year 2025-26.
Asian equities edged higher on Wednesday, though gains were limited as elevated bond yields kept risk appetite in check. Investor sentiment remained cautious amid concerns over the fiscal outlook of major developed economies and stalled progress on new trade agreements.
Investor attention remains focused on Japan’s bond markets, following a sharp rise in yields on super-long tenors amid concerns over demand after a weak 20-year auction.
In early Wednesday trading, the yield on 20-year bonds rose by 2 basis points, while the 30-year Japanese Government Bond (JGB) yield dipped 1.5 basis points.
