KSE-100 index gains over 1,400 points in midday trading

The Pakistan Stock Exchange's benchmark KSE-100 index gained more than 1,400 points in midday trading on Thursday, rising to 166,830.69 points by around midday, an increase of 1,413.19 points, or 0.85 per cent, compared with Wednesday's closing level of 165,417.50 points.

The index touched an intraday high of 166,868.14 points and a low of 165,613.11 points during the session. Trading remained active, with approximately 112.76 million shares changing hands and the total value of traded shares reaching Rs6.84 billion.

Thursday's advance followed a positive session on Wednesday, when the benchmark index advanced by 641 points to close above the 165,000-point mark after experiencing volatility earlier in the trading day. The market had recovered from an intraday low of around 164,060 points on Wednesday as investors selectively purchased shares, helping the benchmark regain lost ground.

The session remained under way at the time of reporting, and the final market position had yet to be determined. Investors continued to monitor market movements as trading progressed, with the benchmark holding firmly above its previous close by midday.