Early in the trading session, the PSX market climbed by close to 500 points because investors started feeling more positive about the future.
On Thursday, the Pakistan Stock Exchange showed good growth as the KSE-100 index passed 120,000 points, rising by nearly 500 points early in the trading session Over 120,000 PSX.
Trading began on a positive note Thursday morning as the index climbed steadily. By 9:35 AM, it reached 120,410.08, rising 478.63 points or 0.4%. This steady increase shows that investors are keeping their hopes high after the strong gains seen on Wednesday.
Strong gains across various sectors gave a clear boost to the market’s momentum. Car manufacturers, banks, oil and gas explorers, energy providers, and tech companies all showed positive results. Stocks like HUBCO, MARI, POL, PSO, MCB, MEBL, and NBP performed well, helping to raise investors’ confidence throughout the day Over 120,000 PSX.
After a period of uncertainty, the KSE-100 showed a strong comeback the previous day. It climbed by 960 points, or 0.81%, closing at 119,931.5. Investors seemed more confident, especially in the banking and energy sectors, leading to increased buying activity. This positive trend is fueled by hopes that the upcoming federal budget will introduce measures to support economic growth and stability.
Experts expect the market’s rise to keep going strong. They say the index might climb up to the range of 120,440 to 120,796 points, and if things stay on track, it could push even higher toward 121,835 to 122,780 Over 120,000 PSX.
Global markets showed signs of caution as worries about US financial health grew. Long-term US Treasury yields rose to their highest level in 18 months, reflecting these concerns. Investors worldwide are focused on President Trump’s tax reform bill, which is scheduled for a vote in Congress this week. Many fear the plan could add nearly $4 trillion to the already massive US debt, creating unease among market participants.
Investor confidence took a hit after Moody’s lowered the US credit rating last week. This move sparked worries, causing many to shy away from American investments. The US dollar fell to near a two-week low compared to other major currencies. The government’s $16 billion auction of 20-year bonds on Wednesday saw weak interest, which pushed bond yields higher. These developments have added to the uncertainty in the markets Over 120,000 PSX.
Asian markets showed clear signs of caution amid ongoing global uncertainties. Japan’s Nikkei index declined by 0.7%, largely influenced by the yen’s recent strengthening. Meanwhile, China’s main stock index edged down 0.2%, reflecting investor hesitance in the world’s second-largest economy.
Hong Kong’s Hang Seng also slipped by 0.8% during early trading, weighed down by similar concerns. These drops indicate that traders across the region remain careful as they assess economic and political risks.
Factors such as currency fluctuations and external pressures continue to impact market sentiment. Overall, the cautious mood in Asia aligns with the global trend of careful investing. Investors appear to be waiting for clearer signals before making bigger moves Over 120,000 PSX.
