Investor confidence rebounded amid signs of easing geopolitical tensions and improving political conditions, leading to a strong rally at the Pakistan Stock Exchange (PSX) on Tuesday. After a sharp downturn the previous day, the KSE-100 Index surged by 4,582.22 points or 2.89%, reaching 163,025.64 points by 11:10 a.m.
Robust buying was witnessed in major sectors including automobile assemblers, cement, commercial banks, oil & gas exploration companies, OMCs, power generation, and refineries. Key companies such as Hubco, ARL, Mari, OGDCL, POL, PPL, PSO, SSGC, SNGPL, and Wah Noble traded in the positive zone.
On Monday, the PSX had experienced a sharp decline due to profit-taking and weak investor sentiment, with the benchmark KSE-100 Index dropping by 4,654.77 points or 2.85%, closing at 158,443.42 points.
Meanwhile, Asian stock markets fell on Tuesday amid uncertainty over a potential U.S.-China trade deal, despite signs that both countries were preparing for trade talks later this month.
