The Pakistan Stock Exchange (PSX) extended strong gains on Wednesday, with the benchmark KSE-100 Index closing at 164,831 points after rising 1,935 points in a single session.

During intraday trading, the index recorded a high of 165,082 points and a low of 162,896 points, reflecting significant volatility before the market settled higher.

The rally was largely supported by improved investor sentiment, driven by easing geopolitical tensions between Iran and the United States and a decline in global oil prices.

Banking and heavyweight stocks led the upward momentum. Key contributors included MEBL, FFC, UBL, ENGROH, and PPL, which collectively added 836 points to the index and helped sustain the bullish trend throughout the session.

Market activity remained strong, with total traded volume reaching 386 million shares. Turnover stood at PKR 20.1 billion.

SSGC emerged as the volume leader, with 25 million shares traded during the session.