The 100-index of the Pakistan Stock Exchange (PSX) gained 291 points on Wednesday to close at 158,237 points against 157,945 points on the previous trading day.
A total of 1,780,973,159 shares valuing Rs. 54.52 billion were traded during the day as compared to 1,521,517,383 shares valuing Rs. 58.725 billion on the last trading day.
A total of 484 companies traded shares, with 194 closing higher, 252 lower, and 38 unchanged.
In a note, brokerage house Topline Securities highlighted that the market opened on a strong note, with bulls marching confidently as the benchmark index surged to an intraday high of 1,101 points.
The rally was fueled by news that Pakistan is set to ink a landmark Rs. 1.275 trillion financing facility agreement with 18 commercial banks, aimed at addressing the crippling circular debt in the power sector, it said.
However, as the session progressed, investors opted to lock in gains, tempering the momentum.
On the sectoral front, PPL, HUBC, UBL, and KEL collectively contributed 538 points, while pressure from FFC, SYS, EFERT, and MEBL weighed down the index by 256 points, Topline said.
