KARACHI: The Pakistan Stock Exchange (PSX) staged a modest recovery on Tuesday, with the benchmark KSE-100 Index gaining 622.95 points, or 0.54%, to close at 115,532.43 — clawing back some ground after Monday’s historic intraday crash.
The index opened sharply higher, surging as much as 1,446.31 points (+1.26%) in early trade and touching an intraday high of 116,692.29. Though some gains were trimmed by the close, sentiment remained broadly positive amid value hunting and expectations of economic measures to stabilize the macroeconomic outlook.
On Monday, the KSE-100 had suffered its worst-ever intraday plunge in terms of points, dropping nearly 8,700 points before paring losses to close 3,882.18 points (-3.27%) lower. Tuesday’s rebound recouped over 50% of that decline.
Trading volumes were robust, with 338.91 million shares changing hands on the KSE-100. Out of 100 index constituents, 74 closed higher, 24 declined, and 2 remained unchanged.
Top gainers included CNERGY (+7.28%), LUCK (+6.65%), AGL (+6.36%), INIL (+5.89%), and MARI (+5.05%). In contrast, SRVI (-7.24%), UBL (-3.52%), TPLRF1 (-2.71%), SYS (-2.15%), and EFERT (-1.97%) led the losers.
Buying interest was noted in key sectors such as automobiles, cement, chemicals, commercial banks, and energy — with major stocks like MARI, OGDC, PPL, HUBCO, PSO, and NBP trading in the green.
Analysts say the rebound reflects investor confidence in fundamentals despite external headwinds, though market direction will remain sensitive to policy signals and macroeconomic developments.
