PSX Soars Over 4,000 Points as Bullish Momentum Returns to Market

PSX Soars Over 4,000 Points as Bullish Momentum Returns to Market

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The Pakistan Stock Exchange (PSX) opened on a strong note on Tuesday, showing a powerful rebound after several days of losses. The benchmark KSE-100 Index jumped by more than 4,000 points in early trading, reflecting renewed investor confidence and positive market sentiment.

At 9:55 AM, the KSE-100 Index stood at 162,474.10 points, up by 4,030.68 points or 2.54%. The sharp rise helped the market recover several key levels, including the 159,000, 160,000, 161,000, and 162,000-point marks that were lost during last week’s heavy sell-off.

Analysts said the strong recovery was supported by easing political tensions and improved investor confidence after a week of uncertainty. Buying activity was seen across all major sectors, including banking, oil and gas exploration, cement, automobile assemblers, and refineries. Key gainers included HUBCO, ARL, MARI, OGDC, POL, PPL, PSO, SSGC, SNGPL, and WAFI.

According to Saad Hanif, Head of Research at Ismail Iqbal Securities, investors were encouraged by reduced political noise and stable market conditions after Monday’s sharp drop. On Monday, the market had lost 4,654.77 points, or 2.85%, closing at 158,443.42 points amid profit-taking and nervous sentiment.

Tuesday’s rebound indicates that investors considered the recent dip as a buying opportunity, especially in stocks that had fallen significantly over the past week.

International factors also supported local sentiment. Global markets showed mixed trends, but a strong overnight performance on Wall Street helped improve outlooks for emerging markets. The S&P 500 rose by 2.2%, mainly led by tech and chip stocks, as US President Donald Trump showed a softer stance toward China following trade tensions.

Market watchers believe that if political stability continues and global markets remain steady, the PSX’s upward momentum could be sustained in the coming sessions. However, they caution that volatility could return if fresh political or economic challenges emerge.

The latest market movement highlights how quickly investor sentiment in Pakistan reacts to both domestic and global developments, showing the close link between political stability, investor confidence, and stock market performance.

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Syed Sadat Hussain Shah

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