KARACHI: The Pakistan Stock Exchange extended its recovery on Thursday, with the benchmark KSE-100 Index gaining 2,837 points and closing above the 178,000 mark amid broad-based buying.

The Pakistan stock market closed at 178,123.18 points, up 2,837.35 points, or 1.62%, from Wednesday’s close of 175,285.83 points.

Trading opened on a bullish note, pushing the benchmark more than 3,000 points higher during the session. The index touched an intraday high of 178,367.24 points before easing slightly towards the close.

Buying interest across key sectors kept the market firmly in positive territory and helped the benchmark reclaim the psychologically important 178,000-point level.

Thursday’s rally followed a recovery in the previous session, when the KSE-100 Index gained 1,767 points to close at 175,285 points after two consecutive sessions of losses.

On Wednesday, the benchmark had climbed to an intraday high of 176,701 points, although some early gains were trimmed by profit-taking later in the session.

PSX Rebounds 1,767 Points as KSE-100 Reclaims 175,000 Level

The previous recovery came after the index suffered a steep 6,408-point decline on Tuesday, closing at 173,518 points.

Readers can review the previous market update: PSX Rebounds 1,767 Points as KSE-100 Reclaims 175,000 Level.
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The latest advance means the KSE-100 has gained more than 4,600 points across two consecutive sessions, recovering a significant part of the losses recorded earlier in the week.