Dawn
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12:37 May 20, 2026
The Pakistan Stock Exchange (PSX) on Wednesday maintained its renewed bullish momentum as the market gained over 1,900 points. The benchmark KSE-100 index gained 1,934.74 points or 1.19 per cent to close at 164,831.42 points from the previous close of 162,896.68. The market dipped to an intraday low of 162,895.74 shortly after opening, eventually reaching an intraday high of 165,081.69 at 3:20pm, gaining 2185 points from yesterday. Topline Securities Limited noted that “investor sentiment rebounded sharply” and that the market experienced significant intraday movement. “Improved market confidence was largely driven by easing tensions between Iran and the United States, alongside a decline in international oil prices,” it pointed out. The positive performance was mainly supported by heavyweight stocks, including Meezan Bank Limited (MEBL), Fauji Fertiliser Company Limited (FFC), United Bank Limited (UBL), Engro Holdings Limited (ENGROH), and Pakistan Petroleum Limited (PPL), which “collectively added 836 poin...