ISLAMABAD (PEN) : The Pakistan Stock Exchange (PSX) sustained its upward momentum on Thursday, with the benchmark KSE-100 Index crossing the 123,000-point threshold*, driven by easing geopolitical tensions and positive domestic economic indicators.
KSE-100 Index Maintains Bullish Streak
During intraday trading, the *KSE-100 index advanced by 300.53 points, reaching **123,062.17, reflecting a 0.24% increase. This continued the bullish trend observed a day earlier, when the index climbed **515 points (0.42%), closing at 122,761.64.
Trading Activity and Market Breadth
On Wednesday, total share volume reached *749.79 million, slightly lower than the **804.77 million shares* traded the previous session. The overall market value stood at *Rs 28.03 billion, compared to **Rs 37.61 billion* a day earlier.
Out of *472 companies* that participated in trading, *274 recorded gains, **161 declined, while **37 remained unchanged*, indicating a generally positive market sentiment.
Oil Prices Edge Higher Amid Middle East Ceasefire
International oil markets also posted modest gains. A larger-than-expected decline in U.S. crude inventories pointed to robust demand, while investors continued to monitor developments following the *Iran-Israel ceasefire*.
Brent crude* rose by *15 cents (0.2%)* to *\$67.83 per barrel*
West Texas Intermediate (WTI)* added *20 cents (0.3%), reaching *\$65.12 per barrel**
