PSX jumps over 3,680 points as oil prices retreat

The KSE-100 Index witnessed a strong relief rally on Thursday, climbing over 3,680 points to close above 168,500 as positive global cues and easing oil prices boosted investor sentiment across the board. The KSE-100 Index closed at 168,514 points, advancing 3,683 points (+2.23% DoD) in a broad-based relief rally as sentiment improved sharply across the board. "Trading activity also picked up versus recent sessions, with 270 million shares traded in the KSE-100 universe, signalling healthier participation after several muted days, although volumes still remain below phases of full risk-on momentum," said Ahmed Sheraz of KASB KTrade. Sector-wise, gains were widespread with commercial banks, fertilisers, cement, E&Ps and power names driving the move, supported by strength in stocks including UBL, FFBL, FCCL, HUBC, HBL, ENGROH, PPL, OGDC and NBP. Volume leaders included BOP (29m shares), KEL...