The 100-index of the Pakistan Stock Exchange (PSX) gained 1775 points on Thursday to close at 157,953 points against 156,178 points on the previous trading day.
The ready market saw robust trading activity with 1,959,100,058 shares exchanged, valued at Rs. 56.93 billion, compared to 1,499,302,473 shares worth Rs. 48.85 billion the previous day.
A total of 485 companies traded shares, with 332 closing higher, 124 lower, and 29 unchanged.
Brokerage house Topline Securities highlighted that the bulls stampeded across the trading floor today as the local bourse surged on the back signing of the Strategic Mutual Defense Agreement (SMDA) between Saudi Arabia and Pakistan.
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Riding this wave of optimism, the benchmark index rallied to an intraday high of 1,904 points before closing at 157,953, marking an impressive gain of 1.14%.
Blue-chip strength further underpinned the rally, with ENGROH, NBP, MARI, UBL, and BOP collectively adding 733 points to the index, it added.
