Buying returned at the Pakistan Stock Exchange (PSX) following a steep decline on Monday as benchmark KSE-100 Index gained nearly 10,000 points on Tuesday.
At close, the benchmark index settled at 156,177.12, a gain of 9,696.98 points, or 6.62%.
Buying momentum was noted across major sectors, including automobile assemblers, cement, commercial banks, oil and gas exploration companies, OMCs, and power generation. Heavyweights on the index, such as ARL, HUBCO, MARI, OGDC, POL, PPL, HBL, NBP, and UBL, closed in positive territory.
On Monday, Pakistan’s equity market experienced one of its most turbulent sessions in recent memory. Intense selling pressure swept through the trading floor, triggering a broad-based selloff across multiple sectors. The downturn was largely fueled by escalating tensions in the Middle East and sharp spikes in international oil prices.
The benchmark KSE-100 Index tumbled 11,015.95 points, or 6.99%, settling at 146,480.15 points.
Meanwhile, oil prices fell on Tuesday after hitting their highest level in more than three years in the prior session as US President Donald Trump predicted the war in the Middle East could end soon, easing concerns about prolonged disruptions to global oil supplies.
Brent futures fell $6.51, or 6.6%, to $92.45 a barrel at 0018 GMT, while US West Texas Intermediate (WTI) crude was down $6.12, or 6.5%, to $88.65.
