The Pakistan Stock Exchange (PSX) staged a major recovery on Tuesday, with the benchmark KSE-100 Index posting a strong gain of 6,079.16 points — a 5.23% increase — to close at 122,246.63, up from 116,167.47 in the previous session.
This sharp rebound comes a day after the index plunged by over 4,000 points in reaction to the U.S. strike on Iran’s nuclear facilities. However, news of a ceasefire agreement between Iran and Israel helped restore investor confidence, leading to a market-wide rally.
Trading activity saw a total of 315.1 million shares exchanged, down from 595 million shares in the previous session, while the total value of traded shares rose to Rs26.78 billion from Rs23.48 billion.
Out of 477 companies that participated in the trading session, 407 recorded gains, 35 posted losses, and 35 remained unchanged.
Broad-based buying was seen across key sectors such as automobile manufacturing, banking, oil and gas exploration, oil marketing, power generation, and refineries. Major contributors to the index’s surge included heavyweight stocks like HUBCO, ARL, SSGC, PSO, MARI, OGDC, PPL, POL, UBL, and HBL — all of which closed in the green.
