{"id":13929,"date":"2025-07-17T12:05:36","date_gmt":"2025-07-17T12:05:36","guid":{"rendered":"https:\/\/ipp-news.com\/?p=13929"},"modified":"2025-07-17T12:05:36","modified_gmt":"2025-07-17T12:05:36","slug":"psx-extends-rally-crosses-138000-point-mark","status":"publish","type":"post","link":"https:\/\/ipp-news.com\/?p=13929","title":{"rendered":"PSX extends rally, crosses 138,000-point mark"},"content":{"rendered":"<div>The Pakistan Stock Exchange (PSX) extended its bullish streak on Thursday, surpassing the 138,000-point level during intraday trade.<\/p>\n<p>The benchmark index gained 2,285.53 points, or 1.68%, to close at 138,665.49, up from a previous close of 136,379.96.<\/p>\n<p>It reached an intraday high of 138,943.47 and a low of 136,674.98.<\/p>\n<p>Total volume stood at 299.28 million shares, with market value hitting PKR 26.39 billion.<\/p>\n<p>Read:\u00a0Bulls stage comeback on earnings&#8217; prospects<\/p>\n<p>Earlier on Wednesday, PSX rebounded as the KSE-100 index rose nearly 450 points over investor optimism about the ongoing corporate result season and the potential of a ratings upgrade.<\/p>\n<p>Market sentiment was buoyed by the anticipation of robust company results and attractive dividend announcements.<\/p>\n<p>According to Arif Habib Corp MD Ahsan Mehanti, stocks showed recovery in the earnings season rally on expectations of strong financial results, dividend payouts and potential Moody&#8217;s upgrade amid strong economic recovery.<\/p>\n<p>KTrade Securities, in its report, wrote that profit-taking persisted at the PSX as the index experienced another mixed session.\u00a0<\/p>\n<p>JS Global analyst Muhammad Hasan Ather commented that the KSE-100 index traded near record highs, rising 1,292 points to an intra-day high of 137,232 amid strong corporate earnings and optimism about Moody&#8217;s ratings upgrade.<\/p>\n<p>Overall trading volumes stood at 705.9 million shares compared with Tuesday&#8217;s tally of 879.1 million. The value of shares traded was Rs32.2 billion. Shares of 482 companies were traded.<\/p>\n<p>Of these, 223 stocks closed higher, 221 dropped and 38 remained unchanged.<\/p><\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Pakistan Stock Exchange (PSX) extended its bullish streak on Thursday, surpassing the 138,000-point level during intraday trade. The benchmark index gained 2,285.53 points, or 1.68%, to close at 138,665.49, up from a previous close of 136,379.96. It reached an intraday high of 138,943.47 and a low of 136,674.98. Total volume stood at 299.28 million [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[6],"tags":[],"class_list":["post-13929","post","type-post","status-publish","format-standard","hentry","category-english-news"],"_links":{"self":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/13929","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=13929"}],"version-history":[{"count":0,"href":"https:\/\/ipp-news.com\/index.php?rest_route=\/wp\/v2\/posts\/13929\/revisions"}],"wp:attachment":[{"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=13929"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=13929"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/ipp-news.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=13929"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}