The bullish momentum at the Pakistan Stock Exchange (PSX) continued on Tuesday, with the benchmark KSE-100 Index gaining nearly 800 points during early trading hours. In the morning session, the index rose by 771.67 points, or 0.45 percent, reaching a new all-time high of 171,513.01 points.
Buying activity remained strong across key sectors, including automobile assemblers, cement, fertilizer, oil and gas exploration companies, oil marketing companies (OMCs), power generation firms, and refineries. Major stocks such as POL, OGDC, Mari Petroleum, Hubco, PPL, and SSGC were seen trading in positive territory.
It is noteworthy that to support economic growth, the State Bank of Pakistan’s Monetary Policy Committee unexpectedly cut the policy rate by 50 basis points a day earlier, triggering optimism among investors.
On Monday as well, the PSX witnessed a positive trading session, where sustained investor confidence and improving market sentiment pushed the benchmark index to close at a historic high. The KSE-100 Index ended the session up by 876.82 points, or 0.52 percent, at 170,741.35 points.
On the global front, Asian stocks declined sharply on Tuesday, while the US dollar hovered near a two-month low. According to sources, risk assets remained under pressure due to a defensive investment stance, including Bitcoin, which had fallen to a two-week low in the previous session and stabilized at $86,407.53.
Meanwhile, gold—considered a safe-haven asset—traded near an eight-week high, priced at $4,307.69 per ounce, reflecting a 0.15 percent intraday increase. Additionally, the MSCI’s broad Asia-Pacific shares index excluding Japan fell by 1 percent in early trading. Japan’s Nikkei index and South Korea’s benchmark index both declined by more than 1 percent. Similarly, Nasdaq futures and European futures dropped by 0.5 percent, indicating volatility at the start of trading in global markets.
