Karachi: Buying momentum returned to the Pakistan Stock Exchange on Tuesday, with investor sentiment improving on expectations of a potential second round of talks between the United States and Iran aimed at easing regional tensions.
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The benchmark KSE-100 Index traded firmly in positive territory, reaching 174,631.25 points by 12:24 pm, up 2,434.55 points or 1.41%. During the session, the index touched an intraday high of 175,298.11 and a low of 173,405.57.
Trading activity remained strong, with volumes recorded at over 227 million shares and total traded value exceeding Rs17.55 billion, reflecting renewed investor confidence.
The rally was broad-based, with significant buying seen across key sectors including automobile assemblers, cement, commercial banks, oil and gas exploration companies, oil marketing companies, power generation, and refineries.
Global cues also supported the market, as oil prices declined on expectations that renewed US-Iran negotiations could ease supply concerns and stabilise energy markets.
Analysts said investors are closely watching diplomatic developments. “Investors are waiting for the outcome of the US-Iran talks expected this week in Islamabad,” said Mohammed Awais Ashraf of AKD Securities.
He added that any positive breakthrough could further strengthen the market, supported by Pakistan’s improved external position, including recent financial inflows from Saudi Arabia and access to international capital markets.
Ashraf also noted that inflation is projected to remain around 9.6% in April 2026, with real interest rates staying positive despite rising fuel costs, providing additional support to equities.
Overall, the market maintained a strong and positive tone in early trading, with further direction likely to depend on sustained buying interest and clarity on global geopolitical developments.
