KARACHI: The Pakistan Stock Exchange (PSX) rebounded strongly on Wednesday, fueled by renewed investor confidence and speculative interest ahead of the upcoming Federal Budget. Significant buying was observed in oil & gas and banking sector stocks. The benchmark KSE-100 Index surged by 960 points, or 0.81%, closing at 119,931.5 points, up from Tuesday’s close of 118,971.13 points.
During the session, the index hit an intraday high with a gain of 1,135 points, briefly surpassing the 120,000-point mark. However, it was unable to sustain the momentum and settled slightly below the milestone at 119,931 points.
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