The Pakistan Stock Exchange (PSX) witnessed a strong rally on Thursday. The benchmark KSE-100 Index surged by more than 4,500 points during early trading to reach 176,604 points.

The bullish momentum followed another strong session on Wednesday. The benchmark index had closed at 172,013 points after gaining 3,994 points.

The latest rally came amid market reactions to the results of the US midterm elections. The developments also influenced sentiment in Pakistan’s equity market.

Asian Stock Markets Show Mixed Performance

Meanwhile, Asian stock markets recorded mixed performances during Thursday’s trading session.

Hong Kong’s Hang Seng Index gained more than 3%, according to news agency reports. China’s Shenzhen Composite Index also advanced by around 1%.

However, several other major markets moved lower.

Pakistan Secures $4.3 Billion Loan Rollover Assurances From China and Kuwait

South Korea’s KOSPI Index fell by more than 5%, while Taiwan’s stock index declined by 3%.

Japan’s Nikkei Index also traded in negative territory, recording a decline of 1.49%.

The contrasting movements highlighted mixed investor sentiment across major Asian markets.