KARACHI: The stock market gained 48 points on Thursday as range bound session was observed during the day.

The benchmark KSE-100 index of Pakistan Stock Exchange (PSX) closed at 36,190 points as against previous day’s closing of 36,142 points, showing an increase of 48 points.

Analysts at Topline Securities said that range bound session was observed at the local bourse as the index juggled between positive and negative zone to close at that 36,190 level.

Major positive contribution came from LUCK, NBP and ENGRO as they cumulatively contributed 54 points to the index, whereas PPL, TRG and OGDC lost value to weigh down on the index by -34 points.

Traded volume and value for the day stood at 292 million shares and Rs.9.57 billion respectively.

UNITY was today`s volume leader with around 28 million shares.

Market participants remained cautious as investors assessed corporate developments and broader economic indicators before taking fresh positions. Analysts said trading activity could gain momentum in upcoming sessions if positive economic news, improved investor confidence, and stronger institutional participation provide support to the market. The performance of banking, energy, and cement sectors is also expected to influence the benchmark index’s near-term direction.

Additionally, investors will closely monitor global market trends, inflation expectations, exchange rate movements, and upcoming corporate earnings for further market direction.