PSX stages strong recovery, KSE-100 index reclaims 170,000-point level

The Pakistan Stock Exchange (PSX) bounced back strongly on Tuesday, with investors returning to the market after the previous session’s sharp losses, helping the benchmark KSE-100 Index regain the key 170,000-point threshold.

KARACHI: The Pakistan Stock Exchange (PSX) bounced back strongly on Tuesday, with investors returning to the market after the previous session’s sharp losses, helping the benchmark KSE-100 Index regain the key 170,000-point threshold.

Trading opened on a highly positive note as buying activity emerged across several major sectors, fueling a robust rally in the market. Within the opening minutes of the session, the benchmark index surged by more than 2,000 points, climbing to an intraday high of 171,006 points.

The recovery came a day after the market experienced significant selling pressure, which dragged the KSE-100 Index down by 1,525 points. The benchmark had settled at 168,953 points at the close of the previous trading session, reflecting investor concerns amid broader market uncertainty.

Market participants attributed Tuesday’s sharp rebound to renewed investor confidence and improved sentiment, as buyers took advantage of attractive valuations following the recent decline. Positive expectations regarding economic stability, upcoming fiscal measures, and easing concerns among investors also contributed to the market’s upward momentum.

Analysts noted that the return of buying interest in heavyweight sectors, including banking, energy, and fertilisers, played a key role in lifting the index. They added that investors appeared optimistic about the market’s medium-term outlook despite recent volatility.

The strong start to the trading day highlights the resilience of the PSX, which has witnessed notable fluctuations in recent sessions amid changing economic and geopolitical developments.