Stock Exchange scales new peak amid budget optimism

The Pakistan Stock Exchange (PSX) continued to witness bullish trend on the opening hours on Thursday as the benchmark KSE-100 index was hovering at 120,617.78 points after an increase of 686.33 points.

Across-the-board buying was observed in key sectors including automobile assemblers, commercial banks, oil and gas exploration companies, OMCs, power generation and technology.

Besides, index-heavy stocks including HUBCO, MARI, POL, PSO, MCB, MEBL and NBP traded in the green.

It must be remembered that the PSX staged a good recovery on Wednesday driven by confident investors who remained optimist with the upcoming budget, expecting relief for the industrial sector.

The benchmark KSE-100 Index was closed at 119,931.5 points after gaining 960 points.

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