The bullish trend continued on the Pakistan Stock Exchange (PSX) on Wednesday as the benchmark KSE-100 index closed with a gain of 515 points, ending the session at 122,761.64 — up 0.42%.

Throughout the trading day, positive investor sentiment persisted, pushing the KSE-100 index to an intraday high of 123,256.55 points.

Key sectors driving the market included automobile assemblers, commercial banks, fertilizers, oil & gas exploration companies, oil marketing companies (OMCs), and refineries.

Notable gainers included National Refinery Limited, Mari Petroleum Company, Pakistan Petroleum Limited, Sui Southern Gas Company, Metropolitan Bank Limited, National Bank of Pakistan, and United Bank Limited.

Wednesday’s gains followed Tuesday’s historic rally, where the index surged by 6,079 points — a 5.23% rise — to close at 122,246, marking the second-largest single-day increase by points in PSX history.

The rally was largely attributed to a ceasefire agreement between Iran and Israel, which eased regional geopolitical tensions and boosted investor confidence.

Globally, Asian stock markets remained steady on Wednesday, supported by oil prices staying near multi-week lows and the ceasefire between Israel and Iran providing a stable backdrop for regional markets.