Strong buying was seen at the Pakistan Stock Exchange on Wednesday, pushing the benchmark KSE 100 Index up by more than 1,150 points during intraday trading.
By 11:00 am, the benchmark index had risen by 1,166.39 points, or 0.62 percent, to reach 188,067.12 points. It is worth noting that buying momentum also continued on Tuesday, with the KSE 100 Index closing up by one percent at the end of the session.
In contrast, Asian stock markets remained under pressure on Wednesday. However, selling pressure in Asia was not very intense, largely due to the region’s historical strength in hardware manufacturing.
MSCI’s broadest Asia Pacific index excluding Japan slipped by 0.2 percent, while Japan’s Nikkei index fell by 1.23 percent.
Nasdaq futures declined by 0.25 percent, after having fallen by more than one percent in the previous night’s cash session. Similarly, S&P 500 futures were down by 0.1 percent, while Euro Stoxx 50 futures recorded a decline of 0.07 percent.
