The Pakistan Stock Exchange (PSX) saw strong buying activity on Tuesday, as the benchmark KSE-100 Index jumped by nearly 900 points.
At close, the benchmark index settled at 150,016.16, a gain of 837.50 points or 0.56%.
Buying interest emerged across key sectors, including automobile assemblers, cement, commercial banks, fertiliser, oil and gas exploration companies, OMCs, power generation, and refineries. Major index-heavy stocks such as ARL, HUBCO, MARI, OGDC, PPL, PSO, SNGPL, HBL, MEBL, MCB, and UBL closed in positive territory.
However, on Monday, the PSX faced a sharp sell-off as the benchmark KSE-100 Index plunged amid investor caution over ongoing volatility in international oil prices and global market uncertainty.
The KSE-100 Index ended at 149,178.66 points, down 4,687.51 points, or 3.05%.
Meanwhile, oil prices rose more than 2% on Tuesday, reversing some of the previous session’s losses, on worries about supply with the Strait of Hormuz mostly.
Brent futures jumped $2.74, or 2.7%, to $102.95 a barrel by 0357 GMT, while US West Texas Intermediate crude gained $2.45, or 2.6%, to $95.95.
