Karachi: The Pakistan Stock Exchange (PSX) continued its strong upward trend on the second trading day of the year, with the benchmark KSE-100 Index posting significant gains.
Trading on the final day of the business week began on a positive note, with the 100 Index crossing the 179,000-point mark during early hours. At one point, the index surged by 2,661 points to reach 179,016.
By the end of the first session, the index was halted at 178,504 points, while a total of 570 million shares were traded, generating a turnover of Rs 32 billion.
It is worth noting that a strong bullish trend was also observed on the first trading day of the New Year, when the PSX 100 Index closed at 176,355 points, gaining 2,300 points.
Market analysts attribute the sustained rally to renewed investor confidence and positive economic expectations at the start of the year.