Pakistan stock rebound strongly, surges over 2,000 Points
The index rose 1.33 percent from its previous close of 156,177.12 points to reach 158,382.00 points during early trading hours.
Market analysts linked the rally to a sharp decline in global oil prices. Oil prices fell nearly 15 percent on Tuesday after briefly reaching their highest level since 2022 a day earlier. The drop came after Donald Trump suggested that the war with Iran could end soon, easing fears of potential disruptions to global energy supplies.
The positive momentum had already begun in Tuesday’s session, when the KSE-100 index surged 9,696.98 points to close 6.62 percent higher than its previous close.
The recovery follows a turbulent start to the week. On Monday, the index closed at 146,480 points after plunging 11,015 points, or 6.99 percent — marking the second-largest single-day decline in its history and wiping out more than Rs1.09 trillion in investor value.