PSX Stages Strong Midday Recovery
The Pakistan Stock Exchange staged a strong recovery on Tuesday, with the benchmark KSE-100 Index surging over 1,600 points during intraday trading as investors returned to the market, snapping up bargains after the previous session's sharp decline.
The Pakistan Stock Exchange (PSX) made a powerful comeback on Tuesday, with the benchmark KSE-100 Index posting substantial gains during both opening and midday trading as bargain-hunting investors stepped in following Monday's sell-off.
The market opened firmly in the green, with the KSE-100 gaining nearly 1,200 points within the first hour of trading. By 9:40 AM, the index was trading at 179,604.94 points, up 1,190.15 points, or 0.67%, reflecting renewed buying interest across several heavyweight sectors . The positive momentum continued to build through the morning session, with the index surging over 1,400 points by 11:25 AM, hovering at 179,856.53, up 1,441.74 points or 0.81% .
By midday, the KSE-100 had extended its gains further, jumping over 1,600 points as buying interest intensified. At 12:39 PM, the benchmark index was trading at 179,544.17, up 1,129.38 points, or 0.63 percent, from Monday's close, with trading activity remaining healthy at nearly 99.43 million shares changing hands .
The strong rebound marks a sharp turnaround from Monday's session, when the market came under heavy selling pressure as investors reacted to renewed geopolitical uncertainty over the weekend and surging crude oil prices. Widespread profit-taking had dragged the benchmark index down by 1,156.47 points, or 0.64 percent, to close at 178,414.80 points .
Buying was observed across key sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, power generation, and refineries. Index-heavy stocks, including OGDC, MARI, POL, PPL, HUBCO, ARL, PSO, SSGC, and UBL, traded in the green as investor sentiment improved . Market analysts attributed the recovery to attractive valuations and a cautious easing of geopolitical concerns, which prompted investors to re-enter the market.