Buyers came back to the Pakistan Stock Exchange (PSX) on Thursday, lifting the index by over 880 points during intra-day trading, reported 24NewsHD TV channel.
At the end of the day, the PSX’s benchmarks KSE-100 index has surged by 881.03 points or 0.75 percent to 116,901.13 points.
Of the 444 companies traded so far, share prices of 211 companies were up, 172 down while 61 remained unchanged.
On Wednesday, the PSX had suffered a negative session, with the index declining by 755.40 points or 0.65%.
In a key development, Kuwait had extended its oil credit facility to Pakistan for another two years. Kuwait’s Ambassador to Pakistan confirmed the news during a meeting with Petroleum Minister Ali Pervaiz Malik in Islamabad.
United Bank Limited (UBL), one of Pakistan’s largest commercial banks, has posted consolidated Rs36.11 billion profit after-tax (PAT) during the quarter ending March 31, 2025, up massive 124% from the PAT of Rs16.14 billion in the same period of 2024. The bank announced the results in a notice to the PSX.
Reporter Kavish Memon